+/- 1.5 Acres at Lighted Intersection - Redevelopment Opportunity

Retail-Commercial for Sale
Sale Pending
Also listed as Vacant Land
Catylist Listing ID: 30674750
Property Subtypes: Free-Standing Building, Other
Status: Pending
Building Size (RSF): 10,700 SF
Gross Land Area: 1.50 Acres
Sale Price: $2,495,000
Unit Price: $233.18 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 10,700 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/8/2021

Overview / Comments

For sale ± 1.50 acres located at the lighted intersection of Oleander Drive and Audubon Boulevard. The property was last used for Coble Ward-Smith Funeral Services. Subject features two existing buildings totaling ± 10,700 SF with the main building boasting ± 7,700 SF and ± 3,000 SF in the rear building. The two buildings are connected by a covered garage/carport area. The property offers as an excellent redevelopment opportunity, converting the existing building or redeveloping the entire site.

*A deed restriction prohibiting the use of the subject for funeral, cemetery, and related purposes will be imposed as a condition of the sale. Rear ± 0.34 acre parking lot area is zoned R-10.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05518-023-002-000
Tenancy: Single Tenant
Total Number of Buildings: 2

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Proximity: 1 mile 3 miles 5 miles
Total Population: 7,602 86,989 143,763
Median Age: 36.2 35.5 36.56
Households: 3,834 37,589 61,877
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