Kerr Avenue Opportunity

Office for Sale
Sale Pending
Catylist Listing ID: 30790754
Property Subtypes: Flex Space, Office Building, Other
Status: Pending
Building Size (RSF): 2,200 SF
Gross Land Area: 1.38 SF
Sale Price: $525,000
Unit Price: $238.64 PSF
Property Use Type: Investment, Business
Usable Size (USF): 2,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/26/2022

Overview / Comments

Located on a 1.38 acre lot in the central Wilmington area. Property is divided into two sections and separately metered. One is approximately 1500 ft.² which is currently used as an office with the possibility of a fully remodeled kitchen. Additional square footage approximately 700 ft.² has been completely renovated (new HVAC, renovated kitchen, bathroom, floors, paint, and countertops). Great opportunity to rent separately. Approximately 1/3 acre cleared with the remaining wooded. Large parking area in the back. This property could possibly be rezoned to mixed use.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R04914-003-001-000
Zoning: O&I-1
Property Visibility: Excellent
Highway Access: Less than 5 miles
Airports: Less than 5 miles
Site Description: Located on a 1.38 acre lot in the central Wilmington area. Property is divided into two sections and separately metered. One is approximately 1500 ft.² which is currently used as an office with the possibility of a fully remodeled kitchen. Additional square footage approximately 700 ft.² has been completely renovated (new HVAC, renovated kitchen, bathroom, floors, paint, and countertops). Great opportunity to rent separately. Approximately 1/3 acre cleared with the remaining wooded. Large parking area in the back. This property could possibly be rezoned to mixed use.
Area Description: Located on a 1.38 acre lot in the central Wilmington area.
Total Number of Buildings: 1
Number of Stories: 1
Exterior Description: Brick Veneer. Ample parking.
Parking Type: Surface
Parking Description: Ample parking
Heat Type: Electricity
Heat Source: Central
Zoning Description: O&I-1
Lot Frontage: 100
Lot Depth: 618
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT LOT 16 MCCLELLAND ESTATE FOR JE COX DIV

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,553 79,502 131,788
Median Age: 25.46 34.05 36.68
Households: 6,391 34,088 56,445
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