$900,000
$950,000
5.3%For more information regarding the value of a property, please contact us for a free consultation.
6,186 SqFt
SOLD DATE : 10/02/2026
Key Details
Sold Price $900,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 6,186 sqft
Price per Sqft $145
Subdivision Not In Subdivision
MLS Listing ID 100577347
Sold Date 10/02/26
Year Built 2001
Lot Size 1.970 Acres
Acres 1.97
Lot Dimensions 210x327
Property Sub-Type Office
Source Hive MLS
Property Description
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 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.
Location
State NC
County Sampson
Community Not In Subdivision
Zoning Municipal
Direction Take the Warsaw exit from I40 to Hwy 24 West. Continue in to Clinton and turn right on to Southeast Blvd/Hwy 701. Turn left on to Dixon St. Then right on North Blvd. The subject property will be on the right before you get to Hwy 421.
Location Details Mainland
Interior
Heating Electric
Exterior
Parking Features Parking Lot, Asphalt
Roof Type Shingle,Asphalt
Garage No
Building
Lot Description Level, Cleared
Water Public
New Construction No
Others
Tax ID 12018294301
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Down Home Real Estate Group, LLC
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "