Parkway Dr Goldsboro, NC 27534
- Office Properties & Spaces
- 8,000 SF
- 1.70 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 0 Parkway Dr
- Year built
- 1987
- Lot size
- 1.70 lot acres
- Property size
- 8,000 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Goldsboro
- County
- Wayne
- State
- North Carolina
- Longitude
- -77.9344
- Latitude
- 35.3834
