0 Parkway DrGoldsboro, NC 27534

Property Details for 0 Parkway Dr

Year built

1987

Lot size

1.70 AC

Property size (Sq ft)

8,000 SF

Property type

Office properties

Description

This exceptional investment opportunity presents a 1-story, 8,000 square foot Class B office building situated on a 1.7-acre lot in Goldsboro, North Carolina. The property, built in 1987 and renovated in 2017, boasts a 100% occupancy rate with two tenants under a modified net lease structure. One tenant, the USDA, occupies 6,000 square feet under a gross lease expiring November 2, 2027. A second tenant, a chiropractic office, occupies 2,000 square feet under a net lease with a new 5-year term commencing April 1, 2024. The asking price is $1,250,000, representing a compelling 6.96% cap rate based on a net operating income (NOI) of $87,000. The property features 40 paved parking spaces and enjoys a prime location with high visibility on Parkway Dr, a main thoroughfare (Hwy 70) experiencing over 45,000 cars per day. Its proximity to a regional mall, retail shops, and restaurants enhances its appeal. The property is zoned for office use (APN: 3519-66-2532) and is owned by an LLC. The current lease terms provide a stable income stream with a remaining lease term of approximately 2.9 years. This is a rare opportunity to acquire a well-located, income-producing office building in a growing market. Detailed financial information is available upon request.

Location Insight

City

Goldsboro

County

Wayne

State

North Carolina

Latitude

35.3834

Longitude

-77.9344

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