Seller Financing - Lease to Own
Address
118 Main Street Spring Lake, NC
Price
$ 465,000
Property Attributes
  • MLS#624147
  • TypeCommercial
  • CountyCUMBERLAND
  • CitySpring Lake
  • NeighborhoodSPRING LAKE
  • Zip28390
  • StyleMulti Family
  • Price$ 465,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage10, 001+
Listing Provided Courtesy Of:
GRANT-MURRAY REAL ESTATE LLC.
Property Description

mixed use building with 4 X 2500 SF retail spaces on 1st floor (some divided into small individual office for rent). 2nd floor has 16 1 bedroom 1 bathroom apartments of varying sizes. PROPERTY HAS NO INCOME AT THIS TIME ANY POTENTIAL BUYER SHOULD HAVE CASH OR LOAN THAT IS NOT DEPENDENT CASH FLOW OF PROPERTY. BUYERS/AGENTS SHOULD CONTACT CITY OF SPRING LAKE TO DETERMINE ALLOWABLE USES AND OTHER POTENTIAL REQUIREMENTS TO OCCUPY/UTILIZE THE BUILDING BEFORE SUBMITTING AN OFFER. EXTERIOR PROPERTY IS IN EXCELLENT CONDITION. APARTMENTS WILL NEED SOME WORK. SELLER IS VERY MOTIVATED, BRING ALL OFFERS!

Price History
1/7/2020 Listed $465,000

General Features

Construction Materials Brick Veneer, Frame
Cooling Central Air, Electric
Current Use Mixed Use
Heating Forced Air
Parking Features Off Street, On Street
Property SubType Multi Family
Property Type Commercial Sale
PropertyCondition Good Condition
Roof Built-Up
Sewer Public Sewer
Structure Type Office
Subdivision Name SPRING LAKE
Terms Cash, Conventional, 1031 Exchange, Land Contract, Lease Option, New Loan, Owner May Carry, Other
Topography Level
Zoning Description CB - Central Business

Interior Features

Above Grade Finished Area Unit Type Square Feet
Air Conditioning Y/N Yes
Below Grade Finished Area Unit Type Square Feet
Heating Y/N Yes
Living Area Range 10, 001+

Exterior Features

Lot Features 1-2 Acres, Level
Lot Size Units Square Feet
Water Source Lake

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28390

Price
AVG $220K
$470K
Visits
AVG 35
40
Year Built
AVG 1968
1959
Walkscore
AVG 48
64
Data Provided by Walkscore ® not using MLS data

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