16 Talbert Blvd Lexington, NC 27292-4026
- Office buildings
- 1,216 SF
- 0.17 lot acres
Jun 18, 2021
Current Use by Public Records
- Office buildings
Property Details for 16 Talbert Blvd
- Year built
- 1940
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.17 lot acres
- Property size
- 1,216 SF
- Zone code
- B
- Property type
- Office buildings
- APN
- 11-071-0-00C-0005-A
- APU
- 11071000C0005A
Description
This exceptional investment opportunity presents a prime commercial property located at 16 & 18 S Talbert Blvd, Lexington, NC 27292. The property encompasses two buildings constructed in 1940 and 1958, totaling 900-1300 square feet, situated on a 1.69-acre lot (APN: 11071000C0006, 11071000C0005A, 11071000C0005, 11071000C0004, 11071000C0003) and zoned B. Currently boasting 100% occupancy since January 1, 2015, the property generates a strong NOI of $21,600, resulting in a 4.55% cap rate. The multi-tenant configuration includes a salon, currently leased month-to-month at $600, and a special needs center leased at $1,200 per month. The property also includes three additional parcels behind the buildings, adjacent to a gas station. Note that a portion of the land lies within a floodplain. This value-add investment presents significant potential for future growth and income enhancement, making it an attractive opportunity for discerning investors. The asking price is $475,000.
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
- Lexington
- County
- Davidson
- State
- North Carolina
- Longitude
- -80.2479
- Latitude
- 35.8145
- CBSA code
- 49180
- CBSA name
- WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
