Former Restaurant For Sale - Prime Redevelopment Site

Retail-Commercial for Sale
Catylist Listing ID: 30363891
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Restaurant, Service Station/Gas Station, Tavern/Bar/Nightclub, Vehicle Related
Building Size (RSF): 7,400 SF
Gross Land Area: 1.29 Acres
Sale Price: $859,900
Unit Price: $116.20 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Asian Buffet
Usable Size (USF): 7,400 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2019

Overview / Comments

2541 Carolina Beach Road is a former buffet restaurant featuring 7,400+/- square feet on 1.29+ acres of land. The site has over 250 feet of road frontage on heavily traveled, Carolina Beach Road (HWY 421), with over 35,000 vehicles per day. The site is ready for a new restaurant or retail user, and much of the kitchen equipment is included in the sale or lease of the property. The property is also perfectly placed for re-development for a new user and conveniently located near many other retailers, hotels, restaurants, highways, etc. The Port of Wilmington is just .8 miles from this site, and less than a 5-minute drive.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R06018-004-022-000
Zoning: CS
Retail Clientele: General, Business
Property Located Between: Shipyard Boulevard and Wellington Avenue
Property Visibility: Excellent
Largest Nearby Street: Carolina Beach Road (HWY 421)
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,400 SF
Property Condition: Good
Year Built: 1984
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: Dry
Zoning Description: commercial services district
Lot Frontage: 250
Lot Depth: 210
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: PT MANSON PT DAVIS & P

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,617 52,866 129,627
Median Age: 37.14 37.72 36.51
Households: 3,708 24,661 55,669

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