For Sale
$525,000

1030 7 Lakes DrSeven Lakes, NC 27376

Multi-tenant storefront, high visibility, value-add.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional multi-tenant commercial property, located at 1030 Seven Lakes Dr, Seven Lakes, NC 27376, presents a compelling investment opportunity. The 3,312 square foot building, constructed in 2000 and boasting a Class B rating, offers a blend of office and retail space. Currently operating at 70% occupancy with five tenants across seven units (seven first-floor units and one walk-up executive suite), this property provides immediate cash flow. The building features a new roof (installed in 2019), ample parking (30 spaces), and high visibility on Seven Lakes Drive, further enhanced by its interconnectivity with Grant Street. The 1.03-acre lot also includes available outdoor storage. The property is a fee simple ownership with a modified lease type and no credit rating required for tenants. This stabilized, value-add investment is ideal for those seeking a strong return on investment in a well-maintained, strategically located property. The property's multi-tenant structure offers diversification and potential for future growth through increased occupancy and lease rate adjustments. The building's solid construction and recent roof replacement minimize immediate capital expenditure needs. This is a rare opportunity to acquire a well-positioned commercial property in a growing area.

Highlights

  • $525,000 asking price for a stabilized, value-add, multi-tenant office and retail property.
  • 3,312 square feet, Class B, with 7 units across 2 stories.
  • 70% occupancy with 5 tenants in a modified lease structure; no tenant credit rating.
  • Located at 1030 Seven Lakes Dr, Seven Lakes, NC 27376, on a 1.03-acre lot with 30 parking spaces.
  • Built in 2000, featuring a new roof (2019) and high visibility.
  • Fee simple ownership with broker co-op available.

Property Details for 1030 7 Lakes Dr

Property type
Retail properties, Office properties
Square Feet
3,312 SF
Class
B
Year Built
2000
Stories
2
Lot Size (sq. ft)
44,867 SF
Units
7

Location Insight

City
Seven Lakes
County
State
North Carolina
Latitude
35.2665427
Longitude
-79.5815651
1030 7 Lakes Dr, Seven Lakes, North Carolina

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1030 7 Lakes Dr
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