3801 Wilshire Boulevard

Office for Sale
Catylist Listing ID: 30169346
Building Size (RSF): 6,589 SF
Sale Price: $1,050,000 - 1,200,000
Unit Price: $159.36 - 182.12 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Usable Size (USF): 6,589 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/24/2017

Overview / Comments

The building at 3801 Wilshire was constructed as a private school and it is now being leased by a church through December 2017. It is in excellent shape and it works will for either a church or a school. The owner will sell this property separately from 3805 Wilshire for $1,050,000.00. This property has 2.2 acres and a large parking lot.
The duplex at 3805 Wilshire blvd was built in the 1950's and it is currently unoccupied. It is structurally sound but it needs some significant cosmetic work. It is situated on 1.7 acres.
The owner will sell both properties for $1,2000,000, but she will not sell 3805 by itself unless the church property at 3801 Wilshire has been sold first.
The combined properties offer an institutional user the chance to significantly expand the size of the church building on a 3.9 acre tract.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 3137-44-4056.000
Zoning: WILMINGTON: R-15

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,797 81,232 137,314
Median Age: 28.93 34.99 36.56
Households: 5,743 35,108 59,423

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