105 Market Street
Retail-Commercial
for Sale
Also listed as Business Opportunity, Office
| Catylist Listing ID: |
30789640 |
| Property Subtypes: |
Mixed Use, Street Retail
|
| Building Size (RSF): |
2,217 SF
|
| Gross Building Area: |
2,340 SF |
| Gross Land Area: |
739.35 SF
|
| Sale Price: |
$995,000 |
| Unit Price: |
$448.80 PSF |
| Property Use Type: |
Investment |
| Building Name: |
105 Market |
| Usable Size (USF): |
2,217 SF |
| Sale Terms: |
Cash to Seller, Owner Financing |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/3/2022 |
Overview / Comments
|
Mixed use Income generating investment opportunity located in the Downtown Wilmington's Central Business District. Building consists of two unit. The downstairs unit is operating as a retail store front and has a a second level office area. The 2nd unit is currently leased for a residential/home office use. Both units are in great shape and 2nd level was just recently renovated and updated Conveniently located at one of Wilmington's highest visibility intersections. Both units have tenants in place. Great opportunity to invest in the growing downtown market.
|
Financials
| Finance Data Year |
2021 |
| Real Estate Taxes - Annual($) |
$4,663 (Annual) |
| Tax Value Land |
$500,200 |
| Tax Value Improvements |
$25,000 |
| Gross Operating Income |
$50,400 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Taxing Authority: |
City of Wilmington and New Hanover County |
| Tax ID/APN: |
R04720-009-010-000 |
| Zoning: |
CENTRAL BUSINESS DISTRICT |
| Retail Clientele: |
General, Business, Tourist, Other |
| Property Located Between: |
Front Street and 2nd Street |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
N Front Street |
| Feet of Frontage: |
155 |
| Highway Access: |
87/76, I 40, 421 |
| Airports: |
ILM |
| Site Description: |
Downtown Business Area |
| Area Description: |
Downtown Business Area- Historic Overlay |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Property Condition: |
Good |
| Year Built: |
1910 |
| Year Renovated: |
2019 |
| Construction/Siding: |
Block |
| Exterior Description: |
Retail Store Front, Stone/brick front |
| Parking Type: |
Other |
| Parking Description: |
Street and Parking Decks within walking distance |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Other |
| Interior Description: |
Downstairs unit is a retail store front and office. The upstairs is residential in character. |
| Zoning Description: |
Central Business District |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Tyler A Pencek |
| Legal Description: |
Pt Lt 5 Blk 165 Wilm |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
9,670 |
38,324 |
111,724 |
| Median Age: |
35.65 |
36.45 |
36.35 |
| Households: |
4,384 |
17,619 |
48,452 |
|
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