Catylist ID: #30294273
Mid Town Swank
Vacant Land for Sale
|Catylist Listing ID:||30294273|
|Property Subtypes:||Hospitality, Multi-Family, Office, Residential (Single Family), Retail|
|Gross Land Area:||47,972 SF|
|Unit Price:||$4.27 PSF|
|Sale Terms:||Cash to Seller, Purchase Money Mortgage|
Overview / Comments
Multi Family (MF-MD) Land.
Assisted or college dormitory / studio living. See attached Budget proforma and cash flow analysis.
Residential home is in excellent repair and currently rented.
Tenants have a great rental history while helping provide cash flow toward future development (costs). Preliminary engineering is transferable as well as Army Corps sign-off of no wetlands.
Other potential uses include Class A office or combination of residential and office.(O&I and O&I with CDMU are contending uses).
Building footprint can be 8750 sq. ft. with assured parking available underneath (70' X 125'). Max build out of building: 52,500 sq. ft.
Call for for details for other potential uses and information.
Attachments & Media
|Taxing Authority:||City of Wilmington|
|Property Located Between:||South Kerr Ave and College Rd|
|Largest Nearby Street:||S. Kerr Ave|
|Site Description:||Wooded and partially cleared|
|Area Description:||S. Kerr Ave has recently been re-purposed to handle Wilmington's traffic. Proximity to Campus and in the heart of Mid-town. This area of town has and continues to experience re-development. O&I and O&I with CDMU are contending uses.|
|Zoning Description:||MFMD. Great potential for O&I-1 (CD)|
|Easements Description:||#0' sewer easement and head water to Burnt Mill Creek lie within the same easement area.|
|Available Utilities:||Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access|
|Proximity:||1 mile||3 miles||5 miles|
John LarsenGulfstream Commercial Properties NCCMLS Member
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