Mixed Use Historic Office Bldg

Office for Sale
Catylist Listing ID: 30372292
Property Subtypes: Medical, Mixed Use, Office Building
Building Size (RSF): 2,351 SF
Gross Land Area: 10,341 SF
Sale Price: $449,000
Unit Price: $190.98 PSF
Ceiling: 9 ft.
Property Use Type: Business
Building Name: NA
Usable Size (USF): 2,351 SF
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 1/31/2019

Overview / Comments

Two Story Historic Structure on the corner of N 8th and Market St, adjacent to Cape Fear Museum. Ground floor is a turn key medical office ideal for a sole practitioner, or law office. The second floor is a 2 bedroom, 1 & half bath apartment with separate entry. This could make a great live above the business opportunity that includes a private surface parking lot. Or, use the second floor for AirBnB for supplemental income for your small business. O&I zoning allows for flexible uses. Features include new, 50 year architectural roof shingles, Two HVAC systems (1 is less than a year old, the other is less than 2 years old), updated energy efficient windows, fresh paint and wood floors throughout. Call today to schedule your showing.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County Wilmington
Tax ID/APN: R04817-039-015-000
Zoning: O&I
Property Located Between: South 7th St and South 8th St on Market
Airports: ILM
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 1,100 SF
Year Built: 1908
Roof Type: Arched
Construction/Siding: Wood Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: The purpose of the Office and Institutional District shall be to provide areas where institutional uses, professional office uses and other uses compatible to uses of an office or institutional nature shall be encouraged to locate and to provide protection for this type land use from the encroachment by other less desirable uses. The districts principal means of ingress and egress shall be along collector roads, minor arterials, and/or major arterials as designated on the County's Thoroughfare Classification Plan. (8/4/86)
Lot Frontage: 55
Lot Depth: 188
Water Service: Municipal
Sewer Type: Municipal
Legal Description: E End, 1, 2 pt 3 blk 158 city of wilmington (55'X188')

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,290 39,424 119,389
Median Age: 36.18 35.98 36.44
Households: 5,544 18,295 51,162
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