Property summary
This exceptional investment opportunity presents a two-story, 7,718 square foot office building situated on a 0.24-acre lot in Burlington, North Carolina. The property, encompassing two parcels (154 Huffman Mill Road and 171 Holly Hill Lane), offers convenient access via both front and rear entrances. An elevator ensures easy navigation between floors. The building's interior has been recently updated with fresh paint and new carpeting throughout. Multiple bathrooms are conveniently located on each floor, along with a dedicated break room for tenant use. Currently configured as multiple smaller office spaces, the building is leased to various tenants under individually negotiated lease terms. This presents a flexible income-generating asset with potential for future growth and customization. The property's prime location in Burlington offers excellent visibility and accessibility, making it an attractive option for a wide range of businesses. The sale includes both parcels, providing a substantial footprint for current and future development. This is an ideal opportunity for investors seeking a well-maintained, multi-tenant office building in a thriving North Carolina market. The existing leases provide immediate cash flow, while the updated interior and exterior offer a modern and appealing space for tenants. This turnkey investment is ready for a new owner to capitalize on its potential.
Property profile
VerifiedCap rate & NOI
Current use
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Travel Agency
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Construction Company General Contractor
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Law Firm
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(Bike/Boat/Book/etc) Store Corporate Office
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Car Dealership
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B 2 · Burlington, NCZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B 2 in Burlington, NC.
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Find the owner behind the property.
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