Mixed Use Business Condo Units A and B
Retail-Commercial
for Sale
| Catylist Listing ID: |
30790565 |
| Property Subtypes: |
Mixed Use, Street Retail, Other
|
| Building Size (RSF): |
2,887 SF
|
| Sale Price: |
$989,600 |
| Unit Price: |
$342.78 PSF |
| Ceiling: |
10 ft. |
| Property Use Type: |
Investment |
| Building Name: |
Schier Buliding |
| Usable Size (USF): |
2,887 SF |
| Sale Terms: |
Cash to Seller, Sale/Leaseback |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/23/2022 |
Overview / Comments
Located in Downtown Wilmington's Central Business District, two business condominiums are being sold together. Only the retail estate is being sold.
The seller is moving. Currently used for retail service business, offices and professional services. Property layout and multiple access points opens it up future uses such as Short Term Rentals, private offices, café, retail.... This property also has 6 parking spaces behind the building for the owners private use.
Great investment opportunity or future space of owner/occupied business/residence.
|
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Taxing Authority: |
City of Wilmington and New Hanover County |
| Tax ID/APN: |
R04720-007-022-005 and R04720-007-022-004 |
| Zoning: |
CBD |
| Retail Clientele: |
General, Family, Business, Other |
| Property Located Between: |
Chestnut and Grace |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
N Front Street |
| Feet of Frontage: |
33 |
| Highway Access: |
76/74, I-40, 421 |
| Airports: |
ILM |
| Site Description: |
Central Business Area of Downtown Wilmington. Business Condo with multiple use. Six parking spaces(tandem) behind building |
| Area Description: |
Business, retail, hospitality, government offices |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Good |
| Year Built: |
1890 |
| Year Renovated: |
2017 |
| Roof Type: |
Other |
| Construction/Siding: |
Block |
| Exterior Description: |
Concrete block and brick exterior. Some hard coat stucco and commercial doors and storefront windows. |
| Total Parking Spaces: |
6 |
| Parking Type: |
Surface |
| Parking Description: |
Surface parking behind building three tandem spaces that can accommodate 6 cars |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Interior Description: |
First floor has separate offices, potential living area, storage with private access. Second level has access from front street level, has reception, retails and offices. Third level is a open lounge or work area. |
| Zoning Description: |
Central Business District.
Go to Land Development Code at City of Wilmington website.
http://flipbook.wilmingtonnc.gov/pdt/ldc/
|
| Lot Frontage: |
30 |
| Lot Depth: |
100 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements: |
Utilities |
| Land Ownership: |
Office and Professional Condominiums |
| Legal Description: |
Unit 273 A Shrier Bldg Condominium and Unit 273 B Shrier Bldg Condominium |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,437 |
34,493 |
101,521 |
| Median Age: |
35.43 |
38.65 |
35.87 |
| Households: |
3,840 |
15,617 |
43,659 |
|
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