For sale
Manufacturing properties
NC
Beaufort
28516
1622 Live Oak Street B

Versatile Commercial Building with Financing

1622 Live Oak Street B, Beaufort, NC 28516

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For Sale

$724,900

4520 SF commercial building in prime location with financing.

Type:Commercial/Industrial

Property size:

4,520 SF

Lot size:

0.43 Acres

Price / SF:

$160/SF

HighLights

Seller financing available with a $120,000 downpayment and 4.5% interest rate for up to 20 years.
Prime location on Beaufort's main business thoroughfare.
4520 SQ/FT building suitable for a variety of business uses.
Transferrable features include block exterior construction, full span interior with 12' ceilings, and phase 3 power.
New roof installed in 2019.
Paved parking for (6) vehicles in the front with expanded parking in the rear and a deeded easement for circular access.

We can help!

Listing Contact

Meredith & Matt Team Johnson

Learn more

For Sale

$724,900

4520 SF commercial building in prime location with financing.

Type:Commercial/Industrial

Property size:

4,520 SF

Lot size:

0.43 Acres

Price / SF:

$160/SF

Added:: Sep 3, 2024
Days on Market:: 649
Last Refresh:: May 19 at 11:03 pm

Property Features for 1622 Live Oak Street B

General Information

Standard status: Active
Size: 4,520 SF
Lot size: 0.43 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1981

We can help!

Listing Contact

Meredith & Matt Team Johnson

Listing agent Meredith & Matt Team Johnson License #210529

Listing office RE/MAX Ocean Properties

Listing date Sep 3, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Ocean Properties

HighLights

Seller financing available with a $120,000 downpayment and 4.5% interest rate for up to 20 years.
Prime location on Beaufort's main business thoroughfare.
4520 SQ/FT building suitable for a variety of business uses.
Transferrable features include block exterior construction, full span interior with 12' ceilings, and phase 3 power.
New roof installed in 2019.
Paved parking for (6) vehicles in the front with expanded parking in the rear and a deeded easement for circular access.

Overview

This 4520 square foot commercial building is located on Beaufort's main business thoroughfare, offering excellent visibility. The property is suitable for shopping, offices, restaurants, professional services, and more. Currently used as a woodworking and cabinet shop, the building features block exterior construction, a full span interior with 12-foot ceilings, and phase 3 power. A new roof was installed in 2019. The property includes a professional paint booth and one half bath. Paved parking is available for six vehicles in the front, with expanded parking in the rear. A deeded easement provides circular access around the building and property. Seller financing is available with an acceptable offer and a down payment of $120,000, featuring a 4.5% interest rate initially with up to 20 years financing.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$81.4k	$18.00
− Vacancy	−$6.5k	−$1.44
EGI	$74.9k	$16.56
− OpEx	−$22.5k	−$4.97
NOI	$52.4k	$11.59

4,520 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%

Alternative Uses

Best Use

Retail

$748.5K

$655.0K – $873.3K (±1% cap)

NOI $52,396 @ 7.0% cap · market cap 7.23%

Second Best

Industrial

$380.4K

$332.8K – $443.8K (±1% cap)

NOI $26,625 @ 7.0% cap · market cap 3.67%

Theoretical Best

Office A

$1.36M

$1.19M – $1.58M (±1% cap)

NOI $94,920 @ 7.0% cap · market cap 13.09%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Manufacturing properties

Suggested Use

Location Insight

Map
Local Demand

City: Beaufort
County: Carteret
State: North Carolina
Longitude: -76.6432
Latitude: 34.7262

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For sale
Manufacturing properties
NC
Beaufort
28516
1622 Live Oak Street B

What type of property is this?

Manufacturing property - 4520 SF commercial building in prime location with financing.

Where is this manufacturing property located?

The property is located at 1622 Live Oak Street B Beaufort, NC.

What is the asking price?

The asking price for this property is $724,900.

What are key features of this property?

This property features: Seller financing available with a $120,000 downpayment and 4.5% interest rate for up to 20 years.; Prime location on Beaufort's main business thoroughfare.; **4520 SQ/FT building suitable for a variety of business uses.**