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    FOR LEASE
    Office Spaces

    115 E Market St, Warrenton, NC 27589

    3,807 SF 34 ac lot Built 1901
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US53-4486802
    Property summary
    AI-generated overview

    This exceptional 3,807 square foot, two-story brick building presents a prime investment or owner-occupancy opportunity in the vibrant heart of downtown Warrenton, North Carolina. Completely renovated in 2015, this property boasts a versatile layout suitable for a variety of commercial uses, including retail, office space, or a combination thereof. The building's design allows for the potential division into multiple, smaller units, catering to diverse business needs. A convenient internal lift system ensures accessibility throughout the two floors, and a full basement provides additional storage or expansion possibilities. Situated on a one-acre lot, ample parking is readily available for tenants and customers. The strategic location offers unparalleled visibility and convenience, being in close proximity to the Warrenton Town Hall, the Warren County Courthouse, a variety of restaurants and shops, and established residential neighborhoods. This property represents a rare chance to acquire a well-maintained, adaptable commercial space in a thriving downtown area. The building's strong construction, recent renovations, and desirable location combine to create a compelling investment prospect with significant potential for long-term growth and profitability. The asking price is $520,000.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1901
    Total area 3,807 SF
    Lot 34 ac (1,481,040 SF)
    APN E6B279
    UPID US53-4486802
    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
    Current use
    Occupant on record · Public records
    • Quilt Lizzy Training Center (Bike/Boat/Book/etc) Store
    • Warren County Smart Start Charitable Organization Social Service Agency
    • Warren Family Institute County Government Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Kt Tornado LLC · 3 yrs held
    Kt Tornado LLC
    since 2022
    Last sale
    $500,000
    5 recorded transactions
    2022
    $500,000
    2020
    2018
    2014
    $15,000
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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