For Sale: Rare Opportunity on South College Road

Retail-Commercial for Sale
Also listed as Office, Vacant Land
Catylist Listing ID: 30794349
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Restaurant, Retail-Pad, Street Retail, Vehicle Related, Other
Building Size (RSF): 1,980 SF
Gross Land Area: 0.48 Acres
Sale Price: $795,000
Unit Price: $401.52 PSF
Property Use Type: Vacant/Owner-User
Building Name: Excess WMUMC Property adjacent to Trader Joe's
Usable Size (USF): 1,980 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

Rare Opportunity on South College Road now available For Sale. 1421 & 1425 S College Road consists of two tracts totaling approximately half an acre with a 1,980sf building that could be repurposed or removed for new development. The zoning on these two properties is RB-Regional Business in the City of Wilmington and there are nearly 50,000 AADT (Annual Average Daily Traffic) counts per NCDOT along this corridor.

The unique property has close proximity to the University of North Carolina at Wilmington (UNCW) and is centrally located between downtown Wilmington and New Hanover County Beaches. Other retailers and notable businesses along this corridor include Harris Teeter, Dunkin Donuts, Trader Joes, Walgreens, CVS, Jimbo's Restaurant and many others.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: R06107-002-003-000; R06107-002-005-000
Zoning: RB - REGIONAL BUSINESS (CITY OF WILMINGTON)
Property Visibility: Excellent
Largest Nearby Street: S College Rd and Oleander Drive
Feet of Frontage: 135
Traffic/Vehicle Count: 50,000
Highway Access: Hwy 132 - College Rd
Airports: ILM
Site Description: Approximate Dimensions of the site are 135ft x 154ft with excellent visibility and frontage on S College Rd near Oleander Drive
Area Description: Located at the heart of Wilmington in New Hanover County at the highest traveled corridor in the County.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,980 SF
Year Built: 1964
Roof Type: Gable
Parking Type: Surface
Sprinklers: None
Zoning Description: RB - Regional Business City of Wilmington
Lot Frontage: 135
Lot Depth: 154
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Board of Trustees, Wesley Memorial United Methodist Church
Legal Description: LT38.7X159.5 S COLLEGE RD and LOT 3 SO COLLEGE RD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,525 84,481 143,863
Median Age: 35.03 35.92 37.16
Households: 4,811 36,740 61,979
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