134 South Market St

$449,000, 6,440 Sqft .09 Acres

About This Property

8% ROI-$64,500 potential annual income ($49,500 in rent currently) in this renovated, waterview, downtown commercial building (upstairs & downstairs) located in the heart of Washington, NC's Historic District & just steps away from the Chamber of Commerce & the beautiful waterfront promenade. Total annual expenses $20,943- $4023 new flood insur rate, Wind/Hail $2200, property taxes $5,000, $9720 avg utilities/yr. Two retail spaces, 9 offices, kitchenette & bathrooms upstairs & downstairs. Plenty of free street side parking & free parking lot at rear of building. Downstairs flooded in 2018 & was totally rebuilt from ground up; prior to this the last time it flooded was in 1999. Broker owned. One electric & gas meter for downstairs & one set for upstairs....the other unit controls the rest of the downstairs spaces. Insurance is shared 50/50 between the upstairowner & downstairs owner. Wind/Hail is $1100/yr & flood insurance is $1352/yr ($2000 deductible). These numbers represent the amount that each owner pays. Property taxes are $2476/yr. Real estate agent is a principal in the LLC that owns the property. Plenty of free street side parking and waterfront parking lot.

Essential Information

MLS® #100171658
Half Baths2
Square Footage6,440
Year Built1900

Community Information

Address134 South Market St
AreaHistoric District
SubdivisionHistoric District
Zip Code27889


UtilitiesCity Water, Community Sewer


River View, Water Access Comm, Water View Only


HeatingForced Air, Natural Gas
CoolingCentral Forced Air


Lot Description48x91x46x91

Additional Information

Date ListedJune 20th, 2019
Days on Market341

Listing Details

OfficeThe Rich Company

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134 South Market St, Washington (MLS® #100171658) Property History

Price Reduced from $499,000 to $449,000

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