1201 South 16th Street

Office for Sale
Catylist Listing ID: 30181351
Property Subtypes: Office Building, Other
Building Size (RSF): 4,320 SF
Gross Land Area: 0.65 Acres
Sale Price: $625,000
Unit Price: $144.68 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Class of Space: Class B
Usable Size (USF): 4,320 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 2/22/2019

Overview / Comments

Multi-unit building available for purchase or lease is zoned CB, so it would be great for office or retail use. Large corner lot provides plenty of parking. Offering includes 2 tax parcels.

DIRECTIONS: Take Market Street toward downtown. Turn left on 16th Street. Property is located at the corner of 16th and Marstellar.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 312714.43.4384.000
Zoning: WILMINGTON: CB
Property Located Between: Dawson & Shipyard
Property Visibility: Excellent
Site Description: IN CITY LIMITS: Yes
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1994
Interior Description: Min Divisible USF: 1200 Electric Provider: Duke Energy
Zoning Description: Community Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,889 64,524 130,975
Median Age: 37.54 35.96 36.38
Households: 6,275 29,440 56,486
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