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Parkway Dr Goldsboro, NC 27534

Sponsored
For Sale
$1,250,000

Goldsboro, NC Office Investment Opportunity

Property size:
8,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a 1-story, 8,000 square foot Class B office building situated on a 1.7-acre lot in Goldsboro, North Carolina. The property, built in 1987 and renovated in 2017, boasts a 100% occupancy rate with two tenants under a modified net lease structure. One tenant, the USDA, occupies 6,000 square feet under a gross lease expiring November 2, 2027. A second tenant, a chiropractic office, occupies 2,000 square feet under a net lease with a new 5-year term commencing April 1, 2024. The asking price is $1,250,000, representing a compelling 6.96% cap rate based on a net operating income (NOI) of $87,000. The property features 40 paved parking spaces and enjoys a prime location with high visibility on Parkway Dr, a main thoroughfare (Hwy 70) experiencing over 45,000 cars per day. Its proximity to a regional mall, retail shops, and restaurants enhances its appeal. The property is zoned for office use (APN: 3519-66-2532) and is owned by an LLC. The current lease terms provide a stable income stream with a remaining lease term of approximately 2.9 years. This is a rare opportunity to acquire a well-located, income-producing office building in a growing market. Detailed financial information is available upon request.

Property Features for 0 Parkway Dr

General Information

Property type
Office Properties & Spaces
Square Feet
8,000 SF
Class
B
Lot Size
74,052 SF

Building Details

Year Built/Renovated
1987/2017
Buildings
1
Stories
1
Units
2

HighLights

  • 8,000 SF Class B office building on 1.7‑acre lot in Goldsboro, NC.
  • 100% occupied with two tenants: USDA (6,000 SF gross lease expiring 11/2/2027) and a chiropractic office (2,000 SF net lease, 5‑year term starting 4/1/2024).
  • $1,250,000 asking price, 6.96% cap rate based on $87,000 NOI.
  • 40 paved parking spaces, high visibility on Hwy 70 (Parkway Dr), over 45,000 cars daily.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Goldsboro
County
Wayne
State
North Carolina
Longitude
-77.9344506
Latitude
35.383418

FAQs

What type of property is this?
Office Property / Space - Goldsboro, NC Office Investment Opportunity
Where is this office property / space located?
The property is located at Parkway Dr Goldsboro, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,000 SF Class B office building on 1.7-acre lot in Goldsboro, NC.; 100% occupied with two tenants: USDA (6,000 SF gross lease expiring 11/2/2027) and a chiropractic office (2,000 SF net lease, 5-year term starting 4/1/2024).; $1,250,000 asking price, 6.96% cap rate based on $87,000 NOI.
More about this property
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