4901 Oleander Dr

Retail-Commercial for Sale
Catylist Listing ID: 30759393
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Post Office, Retail-Pad, Service Station/Gas Station, Street Retail
Building Size (RSF): 1,178 SF
Sale Price: $2,200,000
Unit Price: $1,867 PSF
Property Use Type: Investment, Business
Usable Size (USF): 1,178 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/10/2021

Overview / Comments

4901 Oleander Drive is a prominent re-development site ideally positioned for businesses needing high traffic and maximum exposure located on the Oleander Corridor on the Corner of Oleander and Pine Grove in front of Long Leaf Park. AADT is 35,000! (Annual Average Daily Traffic Count ) There are 2 buildings on the property which may be utilized. The adjacent property may be available if more acreage is needed. The property benefits from the continued population and job growth occurring in the Greater Wilmington North Carolina region. Wilmington MSA is 280,000 with a larger three-county trade area up to 450,000. Prominent retailers on the corridor include: Capitol Ford, Mellow Mushroom, Trader Joe's, CVS, Walgreens, Dunkin Donuts, US Cellular, Advanced Auto, Autozone, Mac's Speed Shop, Batteries Plus and more! This property is located at the beginning of the new ROD Residential Office District. The Broker is related to the Seller.
Agent Remarks: Properties included: 4901 Oleander Dr & 225 Pine Grove Dr. Broker is related to the Seller.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06107-007-012-000
Zoning: ROD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Oleander & Pine Grove
Property Visibility: Excellent
Largest Nearby Street: Oleander Dr.
Feet of Frontage: 315
Traffic/Vehicle Count: 35,000
Highway Access: I 95, Hwy 17
Airports: ILM
Site Description: 2 buildings with 2 PIDs. Newly designated ROD zoning with many possiblilities for redevelopment. One building now is a retail business and the other is the owner's home.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2013
Roof Type: Hip
Construction/Siding: Wood Siding
Exterior Description: Great visibility on Oleander Dr across from Long Leaf Park.
Parking Type: Surface
Parking Description: There is retail parking now but room for additional parking.
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Other
Interior Description: The retail store is a remodeled older home. The owner's home on the property is newly built. Could be converted to retail with City of Wilmington approval.
Zoning Description: ROD
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Easements Description: City of Wilmington is adding sidewalks down Oleander. There may be a crosswalk. Check the City of Wilmington website to see plans,changes and progress.
Land Ownership: Angela Bass
Legal Description: LOT 211 BLK C PINEYWOODS LOT 212 BLK C PINEY WOODS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,591 79,083 139,541
Median Age: 31.76 35.83 37.1
Households: 3,217 34,238 60,323
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