Property Images: 
MLS# 105886: +/- 6k SF Off/Ware Building
Asking Price: 
384,900
Subdivision: 
Algonquin Center Condos
Unit/Lot #: 
148 Irie Lane Powells Point, NC 27966
Waterfront: 
None

Information

One tenant recently exited so this is a rare opportunity to owner occupy the only vacant unit for your business and have the tenants in the other three units subsidize your business and income! If you do not have a personal business need, no problem just lease the vacant unit to increase the already fantastic return on this investment! This building is higher quality than most with unique features not found in other office warehouse buildings. Ample parking with nine spaces in the front of the building and a shared secured limited common area parking lot in the rear provides plenty of additional vehicle parking and equipment storage for any type of tenant business need.

Each 1,500 SF ADA compliant unit has 475 SF front office with reception area, private office, kitchenette with refrigerator, and bathroom. Quality construction with upgraded trim, windows, and 6 panel doors. Each unit's warehouse space is 1,025 SF with 20' eve height for vertical expansion options. Roll-up garage and personnel doors for easy access to each warehouse space.

Constructed with 2x6 metal studs and non-load bearing walls allow for larger space by combining units. Rear loading bays and fully fenced back lot with 20' rolling gate and surveillance system allow for plenty of secure outside storage of vehicles and equipment. Only 4 miles North of the Outer Banks with excellent visibility and a Hwy 158 road-front sign make this an excellent investment and business opportunity. Property has five PINS: 123F000COMM0002, 123F000002A0000, 123F00000030000, 123F00000040000 and 123F00000050000.

The properties are offered for sale as one entire building although each unit has been commercially condo'ed out for future individual sale as/if desired. Both original and second current owner preferred to own and manage the leasing of the entire property but new buyers can sell off individual units if desired comfortable knowing that condo association documents have already been prepared (see Associated Documents) and recorded. Note that the sellers are not interested in selling individual units at this time. Units have sealed concrete or carpet flooring.

Area
Pt. Harbor to Powells Pt.
Subdivision
Algonquin Center Condos
Lot Description
Adj. To Common Area,Common Area,Easement(s),Level
Lot SqFt
26571
Roof
Metal
Possession
At Closing
Subject to Tenancy
Foundation
Slab
Roads
Paved
Private
Heating
Electric
Air Conditioning
Wall Unit(s)
Taxes
$1142.4
Construction
Metal
Parking
Parking Lot
Paved
Off Street
Year Built
2005
Days On Market
118
Listing Agent
Joe Staten
Listing Office
Sun Realty - Duck

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