Catylist ID:
#30719086
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 |
| Zoning: | COMMUNITY BUSINESS - WACO |
| 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 |
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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