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$ 1,750,000
Est. payment | /mo
4,925 SqFt
$ 1,750,000
Est. payment | /mo
4,925 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,925 sqft
Price per Sqft $355
Subdivision Not In Subdivision
MLS Listing ID 100535247
Year Built 1967
Lot Size 0.940 Acres
Acres 0.94
Lot Dimensions irregular
Source Hive MLS
Property Description
10 Dewitt Street, Jacksonville, NC
Approx. 4,900 SQFT | Mixed-Use Office & Salon Suites | Strong Cash Flow | Fully Metered Buildings
An exceptional opportunity for investors seeking a stabilized, low-maintenance asset in the heart of Jacksonville. This mixed-use property features a combination of office and salon suite spaces with long-term tenants and minimal vacancy. The property currently produces approximately $9,775 per month in gross rents (~$117K annually) with room for additional upside through incremental rent growth or light re-tenanting.
Comprising multiple freestanding buildings totaling nearly 4,900 square feet, each structure is individually metered for utilities, ensuring simple expense allocation and low overhead. Extensive capital improvements have been completed in recent years, greatly reducing ongoing maintenance needs and positioning the property for durable cash flow.
Recent improvements include:
Building 2: New HVAC system, every suite plumbed for salon use, individual exhaust fans, washer & dryer installed, new vapor barrier and crawl-space insulation.
Building 4: Each suite plumbed and vented with exhaust fans; insulation and vapor barrier upgraded in crawl space.
Building 8: New HVAC system, vapor barrier, and insulation.
Building 10: Vapor barrier, insulation, and new sump pump installation.
Parking lot fully rehabbed, plus many other small repairs and improvements throughout the property.
With all major systems recently addressed, potential for multi-year leases to be put in place, and individually metered utilities, this property offers steady income and strong returns in a growing Eastern North Carolina market.
Ideally situated near Camp Lejeune, major retail corridors, and established residential neighborhoods, 10 Dewitt Street provides the stability, flexibility, and performance investors seek in today's market.
Approx. 4,900 SQFT | Mixed-Use Office & Salon Suites | Strong Cash Flow | Fully Metered Buildings
An exceptional opportunity for investors seeking a stabilized, low-maintenance asset in the heart of Jacksonville. This mixed-use property features a combination of office and salon suite spaces with long-term tenants and minimal vacancy. The property currently produces approximately $9,775 per month in gross rents (~$117K annually) with room for additional upside through incremental rent growth or light re-tenanting.
Comprising multiple freestanding buildings totaling nearly 4,900 square feet, each structure is individually metered for utilities, ensuring simple expense allocation and low overhead. Extensive capital improvements have been completed in recent years, greatly reducing ongoing maintenance needs and positioning the property for durable cash flow.
Recent improvements include:
Building 2: New HVAC system, every suite plumbed for salon use, individual exhaust fans, washer & dryer installed, new vapor barrier and crawl-space insulation.
Building 4: Each suite plumbed and vented with exhaust fans; insulation and vapor barrier upgraded in crawl space.
Building 8: New HVAC system, vapor barrier, and insulation.
Building 10: Vapor barrier, insulation, and new sump pump installation.
Parking lot fully rehabbed, plus many other small repairs and improvements throughout the property.
With all major systems recently addressed, potential for multi-year leases to be put in place, and individually metered utilities, this property offers steady income and strong returns in a growing Eastern North Carolina market.
Ideally situated near Camp Lejeune, major retail corridors, and established residential neighborhoods, 10 Dewitt Street provides the stability, flexibility, and performance investors seek in today's market.
Location
State NC
County Onslow
Community Not In Subdivision
Zoning CC
Direction Southeast on Gum Branch. Turn right onto Dewitt Street. Office is on the left.
Interior
Heating Electric
Building
New Construction No
Others
Tax ID 417-24.1
Listed by eXp Realty
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