4688 Mountain Creek AveDenver, NC 28037

This exceptional 12,250 square foot office building, located at 4688 Mountain Creek Ave in Denver, North Carolina (zip code 28037), presents a compelling value-add investment opportunity. Currently configured as six individual suites, the property offers the potential for subdivision into seven, maximizing rental income and return on investment. The asking price is $1,400,000, translating to a price per square foot of $114.29 and a projected cap rate of 7.71%. The property boasts a strong net operating income (NOI) of $108,000. The building's versatility caters to a range of office uses, including executive, medical, and traditional office spaces. Four of the existing suites feature convenient ten-foot overhead doors at the rear, adding to their functionality and appeal. Ample parking is provided with 50 spaces available for tenants and visitors. This property is classified as an office building, and is suitable for retail use as well. Its prime location in Catawba County, North Carolina, offers excellent access to local amenities and transportation networks. The property's adaptable layout and strong cash flow make it an attractive investment for both seasoned and emerging investors seeking a value-add opportunity in a thriving market. This is a rare chance to acquire a well-situated, income-producing asset with significant upside potential.