Property summary
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
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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