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200 WILLIAMSBURG PARKWAY

Jacksonville, NC 28546
(Not In Subdivision)

MLS# 100169176

$3,100,000
  • List Status:Active
  • Days on Market:461
  • 10000 Sq.Ft.
  • Commercial
Contact Agent
Property Listed By: Coldwell Banker Alliance Group Realty
Agent: William B Sanders

DESCRIPTION

This site was improved with a two story prefabricated metal building originally designed and constructed in 2003 containing 20,750 square feet for a lumber/hardware store. In 2011 second floor was remodeled/updated so the total square feet was increased to 25,750. The builders supply occupies 20,750 square feet of office/showroom/warehouse space plus the outside coverings and lay-down yard. On the second floor GSA (probation office) has been a tenant sense 2011 and 2019 Morton Containers signed a year lease. The location is central to residential & commercial growth. Near by retailers include: Lowes Foods, Food Lion, CVS, McDonalds, Dunkin Donuts, Taco Bell, Miller Motte College, Autzone and Advance Auto Parts.The 2 main roads that provide access to the property have daily traffic counts of 18,000 & 28,000 cars per day. The lumber company who occupies 20,750 on the ground floor, are looking to move to a smaller office on the side of the building, which will free up about 4400 sqft that can be easily converted in to more lease-able space to help increase the cap rate. The current cap rate, with the current leases in place, is 8%. With the additional free space upstairs and with the lumber company moving to the side, which frees up space, you can increase the cap rate to over 10%. Call today for your VIP tour!
200 Williamsburg Parkway

PROPERTY DATA

Interior Features
  • SqFt Heated: 10000
Exterior Features
  • Lot Acres: 5.00
  • Road Type:
    • 2 - 3 Lanes
    • Alley
    • Paved
    • Private
    • Public (City/Cty/St)
  • Parking/Driveway:
    • On Site
    • Paved
  • Style:
    • Mixed Use
    • Retail
    • Warehouse
Building and Construction
  • Year Built: 2003
  • Construction: Metal Fab
  • Foundation: Slab
  • Roof:
    • Metal
    • Steel Joists/Truss
  • Utilities:
    • City Water
    • Community Sewer
  • Cooling System: Central
  • Heating System: Heat Pump

Property Listed By: Coldwell Banker Alliance Group Realty

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This listing is Provided by Carteret County / Crystal Coast MLS and Emerald Isle Realty. Information Deemed Reliable But Not Guaranteed.
The above data is furnished for informational purposes only. You are responsible for confirming the sufficiency and reliability of such information.
Copyright 2019 Carteret County / Crystal Coast MLS.
All rights reserved. Carteret County Real Estate

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Featured real estate company is not a mortgage lender and so you should contact Atlantic Bay Mortgage Group, L.L.C. directly to learn about its products and your eligibility for such products. The featured lender has an affiliated business relationship with the featured real estate agent. You are under no obligation to use the featured lender for financing. All loans subject to income verification, credit approval and property appraisal. Not a commitment to lend. Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) is an Equal Opportunity Lender. Located at 600 Lynnhaven Parkway Suite 203 Virginia Beach, VA 23452.