2 parcel Commercial Property

Retail-Commercial for Sale
Catylist Listing ID: 30719086
Property Subtypes: Free-Standing Building, Garden Center, Restaurant, Street Retail, Other
Building Size (RSF): 1,977 SF
Sale Price: $525,000
Unit Price: $265.55 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 1,977 SF
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

This is listing is comprised of two parcels to be sold together, perfect for an investor or end user.
3518 Wrightsville Ave.​ is a lovely 1055 sf bungalow with front and rear porches recently added to the building.​ Interior layout offers 5 large rooms, bathroom and kitchen.​ The fenced in rear yard features an additional storage building with electricity that would support HVAC if buyer desires.​ The retro 55 foot Vagabond trailer located in the rear yard is available to purchase as well.​.​.​.​

3516 Wrightsville Ave.​, which is located to the right of 3816 Wrightsville, is a 900 sf building on slab, comprised of 2 larger rooms, bathroom and fenced in rear yard.​

This area of Wrightsville Ave.​ has become a destination due to the diverse independent businesses located there and the fact that many locals choose to travel between the Wrightsville Beach area and Downtown along this corridor instead of Oleander Dr.​ Located next door to one of Wilmington's most popular home goods and fine gift shops.​ Just minutes from the iconic Forest Hills neighborhood and the Independence Blvd.​/Oleander Dr.​ intersection,

Zoned as Community Business, the property could be used as coffee shop, retail, office, or so many other options.​.​.​ample parking available.​ There are currently no coffee shops in this area.

Great investment opportunity for owner to occupy one building and lease out the second for residual income with rental income potential of +/- $4000.00 per month.​ Total tax value of $471,200

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05513-003-001-000 / R05513-003-003-000
Retail Clientele: General
Property Located Between: Wrightsville and Independence
Property Visibility: Excellent
Largest Nearby Street: Wrightsville Ave
Feet of Frontage: 100
Airports: ILM
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Parking Type: Surface
Zoning Description: Community Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,119 87,276 133,451
Median Age: 30.47 35.25 36.47
Households: 5,340 38,020 57,838


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