101 SW Main ST SE Lenoir, NC 28645

INCOME PRODUCING OFFICE BUILDING AVAILABLE! Looking for investment property? This 1928 built historic building is available right now. This exclusive property offers 14 leased offices, with shared conference room, and a full open basement, and is located in a highly visible area on the corner of Harper Ave and Main St in Lenoir's Historic Downtown District.This property has a current GRM of 8.6% and a CAP rate of 11.5%. Current owners purchased as an improvement project and have made numerous improvements, including updating bathrooms, replacing flooring and windows, and updating HVAC systems. See listing docs for a complete list of improvements completed. They have also worked to bring rates up to market value, [currently lease rates are approx. 80% of market value], and have reduced vacancy rate to ZERO. They are only listing for 90 days, to pursue another opportunity. So, if you're interested in a historic, classically designed, income producing office building, act fast!