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Property profile

407 Front St Lillington, NC 27546

OFF-MARKET
Office Spaces
View Sample
3,240 SF Built 1946

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

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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