Excellent location on almost 1 1/2 acres

Office for Sale
Catylist Listing ID: 30749761
Property Subtypes: Mixed Use, Flex Space, Office Building
Building Size (RSF): 2,200 SF
Gross Land Area: 1.38 SF
Sale Price: $699,900
Unit Price: $318.14 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 2,200 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/31/2021

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 current used as an office with the possibility of a full kitchen. Additional square footage approximately 700 ft.² has been completely renovated (new HVAC, renovated 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: New Hanover County
Tax ID/APN: R04914-003-001-000
Zoning: O&I-1
Property Located Between: Market Street/N. Kerr Ave
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 current used as an office with the possibility of a full kitchen. Additional square footage approximately 700 ft.² has been completely renovated (new HVAC, renovated 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.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 1952
Construction/Siding: Brick
Parking Type: Surface
Parking Description: Plenty of parking
Heat Type: Electricity
Heat Source: Central
Zoning Description: O&I-1. Potential for re-zoning to mixed use.
Lot Frontage: 100
Lot Depth: 618
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT LOT 16 MCCLELLAND ESTATE FOR J E COX DIV

View FullscreenMap

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
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.