Draughon Realty is pleased to offer for sale 115 N Blvd Clinton, NC. This offering presents a stabilized, income-producing commercial office asset totaling 6,186 square feet, fully leased to the State of North Carolina for its NC Works operations. The property offers investors a secure, government-backed tenancy with consistent cash… Read More flow and minimal management burden. The asset is currently 100% occupied under a lease with the State of North Carolina, providing strong credit assurance and long-term occupancy stability. The property generates a Net Operating Income (NOI) of $77,014.82, reflecting dependable in-place income. Offered at an asking price of $950,000, the investment represents an approximate 8.11% cap rate, making it an attractive opportunity for investors seeking stable returns in a low-risk profile asset. Government-leased properties are highly desirable due to their reliability, and this asset is well-positioned to deliver predictable income with limited volatility. Read Less
Courtesy of Stan S Draughon, United Country Draughon Realty
Listing Snapshot
Days Online
6
Last Updated
Property Type
Office
Square Ft.
6,186
Lot Size
1.97 Acres
Year Built
2001
MLS Number
100577347
30 Days Snapshot Of 28328
$292k
+27%
(avg) sold price
2
-71%
homes sold
106
+1%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "Maintained"
Building
Built in 2001, Toal building area: 6186
Heating
"Electric"
Lot
1.97 acres, 85,813 sqft, "Level", "Cleared"
Parking
"Parking Lot", "Asphalt"
Property
Zoning: Municipal
Roof
"Shingle", "Asphalt"
Taxes
Year: 2025
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor United Country Draughon Realty shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
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