Vacant Land - 4612 N College Rd - 1.9844 Acre

Business Opportunity for Sale
Catylist Listing ID: 30778304
Property Subtypes: Building and Construction Services
Building Size (RSF): See Agent
Gross Land Area: 1.98 Acres
Sale Price: $2,300,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Last Updated: 1/7/2022

Overview / Comments

Metal Building Construction Company For Sale. The real estate includes a modular office building (1,440 SqFt) and a 3,000 SqFt metal building with a 12' overhead door. The sale includes all construction equipment (cranes, lifts, trucks, etc: $500,000 replacement value) and the book of business ($2M - $3M +/- per year). Seller has several family members on the payroll that can convey at the Buyer's discretion ... improving the bottom line on the day of closing. Currently there is $1M is projects in the queue for 2022 with bids being made now for other future work. One employee has his GC license, which allows a buyer time to get their own license during the transition.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Industry Segment: General Building Contractors
Value of Inventory Included ($): $500,000
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,606 8,344 33,011
Median Age: 34.13 36.4 36.55
Households: 462 3,188 13,078
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