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Property profile & analytics
FOR SALE
Office buildings

508 Mulberry St SW Lenoir, NC 28645

Built 1890
Property ID
US53-1679907
Property summary
AI-generated overview

Former historic home now business is located on Mulberry Street across from the UNC Health Caldwell hospital campus in the heart of downtown Lenoir. Originally built in 1890, the building has been refurbished but maintained many of the historic home's unique features. 2620 square feet in excellent condition, beautiful hardwood floors, arched cased opening to reception/main office with two other large offices on first floor, one with natural gas fireplace. Main level also includes full kitchen, half bath, laundry/utility room and separate storage room. Upstairs are three large offices with extensive bookcases and a full bath with shower and vintage vanity sink. Building has basement with several sections and both interior and exterior access. Central heat and air, natural gas water heater, newer roof and pristine wrap-around porch. Original fireplace chimneys closed. Other amenities include (approx.) 375 square foot outbuilding with electricity for additional workshop or storage at the rear of the building. Parallel parking on the street and additional parking in rear just steps from rear entrance. Zoning is O-I (Office/Institutional) Mulberry is a 5,000 car per day city street, walkable to downtown restaurants, banks, coffee shops, etc. Lenoir is the County Seat. Location perfect for financial, medical/dental, legal, administrative commercial business.

Property profile
Verified
Property type Office buildings
Year built 1890
UPID US53-1679907
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
  • Farmer Don CPA Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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