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    OFF-MARKET
    Office Spaces

    407 Front St, Lillington, NC 27546

    3,240 SF Built 1946
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a fully occupied, 3,240 square foot medical office building located at 407 W Front St in Lillington, North Carolina. The property, priced at $475,000 ($146.60/sq ft), boasts a 100% occupancy rate under a gross lease with a single tenant. Built in 1946, the property consists of two single-story buildings situated on a corner lot offering excellent visibility along a main downtown corridor. This prime location provides easy access to town water and sewer services. The sale includes three parcels sold together "as is." The property benefits from its proximity to numerous amenities, including a new town park directly across the street, the Cape Fear River, Raven Rock State Park, Campbell University, Keith Hills Golf Course & Aquatic Center, and the downtown Lillington restaurants and shops. This is a rare chance to acquire a thriving medical office building in a desirable and growing downtown area. The property is zoned for medical office use.

    Property profile
    Verified
    Property type Office Spaces
    Year built 1946
    Total area 3,240 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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