508 Main St Havelock, NC 28532-2204

Property Details for 508 Main St

Year built

1971

Lot size

0.32 lot acres

Property size

1,190 SF

Property type

Retail space

APN

6-067 -121

APU

6067121

Description

This Havelock, NC commercial property, located at 508 E Main St (cross streets: E Main St and Vine St and Hollywood), offers a unique investment opportunity. The 2,070 square foot building sits on a 0.31-acre lot (13,693 sq ft) and was built in 1975, renovated in 1985. Currently configured as a car wash, it features an automatic car wash bay, a detail bay, an office area with a waiting lounge, and a half bathroom. The property is zoned 6705-TWP 6 - Commercial (APN: 6-067 -6000, Craven County). The existing car wash setup presents a strong foundation for a variety of commercial uses, including tire shops, car detailing businesses, mechanics, specialty retailers, training facilities, coffee shops, and other service-oriented businesses. The left bay, while containing a ride-thru car wash, is not currently accessible to tenants under the standard lease. The standard lease is a minimum three-year term with a 5.5% annual escalator, and lease extension options are available. Tenants are responsible for all maintenance, property taxes, and building insurance, excluding roof maintenance (the roof is approximately 5 years old). Liability insurance is also required. An alternative lease is available for a tenant utilizing the car wash bay, offering a $2475/month rate (5-year minimum lease) with a 5.5% annual escalator, and tenant responsibility for car wash bay maintenance and repair. The landlord is responsible only for roof maintenance.