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Franklin Bellamy

franklin@unlockingrealestate.co +1(704) 904-5142

$ 525,000

Est. payment -/mo

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Active

107 Kilson DR #202 & 204 Mooresville, NC 28117

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4282080

Year Built 2004

Property Sub-Type Office

Property Description

This well-maintained commercial office condo located off of the bustling Charlotte Highway offers a prime investment opportunity. The property features multiple private offices, a spacious conference room, a break room, and an open space layout, making it ideal for a variety of business needs. Currently tenant-occupied, this property provides a stable income stream with a 5.01% cap rate. The lease has 2.5 years remaining, with annual rent escalations of 3%, ensuring continued growth in rental income.

Location

State NC

County Iredell

Zoning CC

Exterior

Utilities Available Cable Available, Electricity Connected

Street Surface Paved

Building

Dwelling Type Site Built

Sewer Public Sewer

Water City

Structure Type Brick Full

New Construction false

Others

Senior Community false

Restrictions Other - See Remarks

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Subject to Lease

Listed by Jordan Jackson • Ivester Jackson Properties • jordan@ivesterjackson.com

This is the second house that we've purchased using Franklin's services. We've enjoyed working with him both times. He truly tries to help you find exactly what you are looking for. Franklin is very dedicated to his customer's needs, attentive to details, extremely knowledgeable and has great work ethics. And overall Franklin is a good guy. If you need to buy or sell property with minimal stress, I strongly recommend you call Franklin. "-

Iryna T.

+1(704) 904-5142

franklin@unlockingrealestate.co

1800 Central Ave, Charlotte, NC, 28205, USA