5051 New Centre Drive

Office for Sale
Catylist Listing ID: 30796541
Property Subtypes: Office Building
Building Size (RSF): 31,910 SF
Gross Land Area: 2.40 Acres
Sale Price: $5,000,000
Unit Price: $156.69 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Usable Size (USF): 31,920 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2022

Overview / Comments

Centrally located freestanding office building on 2.4 acres in the prime retail and institutional section of Wilmington! Situated on New Centre Drive, near UNCW, shopping, restaurants, and car dealerships, this prime property sits on the major collector street between Market and South College. This building is currently owner-occupied, and will be vacant at closing. Given the skyrocketing construction prices and lack of inventory, this building is a bargain at just over $156/RSF and represents a great value-add investment property!

The first floor is mostly wide-open warm shell space, ready for your custom upfit. The second floor has numerous private offices and enjoys ample natural light from the windows wrapping the building. New roof 2018. Advanced key fob / smart phone door lock system in place.

Cell tower lease provides additional value.

This one won't last long!

Please do not disturb occupant, and please see listing agent for showing instructions.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R04920-001-001-000
Zoning: O&I
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1975
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Steel Frame
Parking Type: Surface
Total Parking Spaces: 126
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Electricity
Heat Source: Ceiling Units
Zoning Description: Office and Institutional (O&I)
Lot Frontage: 223' +/-
Lot Depth: 431' +/-
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: As recorded in the New Hanover County Registry in Deed Book 5824, Page 2770

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,369 64,245 137,542
Median Age: 25.05 33.46 36.76
Households: 6,024 27,905 58,738

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