1204 Main St Graham, NC 27253
- Office buildings
- 4,500 SF
- 0.66 lot acres
Current Use by Public Records
- Black Armor Productions / Website Designer
- ComTech / Computer Store / Telephone Company
Property Details for 1204 Main St
- Year built
- 2003
- Lot size
- 0.66 lot acres
- Property size
- 4,500 SF
- Zone code
- B 2
- Property type
- Office buildings
- APN
- 144357
- APU
- 144357
Description
This exceptional Graham, NC office complex, situated on a 1.44-acre corner lot (APN: 144357, 144356, 144361), offers 4,500 square feet of fully occupied Class B space in a high-traffic area. The single-tenant building, constructed in 2003 and extensively renovated in 2019 (new flooring, HVAC, conference room, paint), boasts a 3.73% cap rate and a $55,000 NOI. The property includes three buildings: the main 4,500 sq ft office, a rentable house generating approximately $1,200 monthly income, and a storage building. Benefiting from a B2 zoning designation, the property's prime location is further enhanced by its proximity to a newly constructed Sheetz and ongoing commercial development at an adjacent corner. A significant new housing development is underway nearby, promising increased population density and future growth potential. The property is currently 100% occupied since January 1, 2003, presenting a strong investment opportunity for owner-occupants or investors seeking a high-traffic location with significant upside potential. The current rent does not reflect market value, offering a new owner the opportunity to increase rental income substantially.
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
- Graham
- County
- Alamance
- State
- North Carolina
- Longitude
- -79.3954
- Latitude
- 36.0463
- CBSA code
- 15500
- CBSA name
- BURLINGTON, NC METROPOLITAN STATISTICAL AREA
