Confidental
Retail-Commercial
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30767736 |
| Property Subtypes: |
Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related
|
| Status: |
Pending/Contingent |
| Building Size (RSF): |
2,094 SF
|
| Gross Land Area: |
0.22 Acres
|
| Sale Price: |
$595,000 |
| Unit Price: |
$284.15 PSF |
| Property Use Type: |
Business |
| Usable Size (USF): |
2,094 SF |
| Sale Terms: |
Cash to Seller, Owner Financing, Other |
| Cap Rate: |
6.8% |
| Last Updated: |
4/25/2022 |
Overview / Comments
|
Incredible Opportunity to own a property on the Oleander Dr corridor. Prominent re-development site ideally positioned for businesses needing high traffic and maximum exposure located on the Oleander Corridor near Long Leaf Park and the intersection of Oleander and College Rd . AADT is approximately 35000! (Annual Average Daily Traffic Count ) There is a building on the property which may be utilized. There is a tenant in place now paying $40,800 per year. 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. Located near Trader Joe's, Walgreens, CVS, Mellow Mushroom etc.
|
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Taxing Authority: |
New Hanover |
| Tax ID/APN: |
R06107-010-008-000 |
| Zoning: |
RB |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation, Other |
| Property Located Between: |
Long Leaf Park & College Rd |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
College Rd |
| Feet of Frontage: |
151 |
| Traffic/Vehicle Count: |
35,000 |
| Highway Access: |
I-95, Hwy 17 |
| Airports: |
Wimington International Airport |
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
1,440 SF |
| Property Condition: |
Good |
| Year Built: |
1945 |
| Roof Type: |
Flat |
| Parking Type: |
Surface |
| Zoning Description: |
RB - Regional Business |
| Lot Frontage: |
151 |
| Lot Depth: |
151 X 200 X 183.75 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Easements Description: |
Normal street and utility easements are assumed. No easements or encroachments that would have an adverse effect have been discovered. Buyer to confirm. |
| Legal Description: |
PT MACRAE WINTER PARK |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
12,842 |
79,369 |
133,168 |
| Median Age: |
34.39 |
35 |
36.31 |
| Households: |
6,261 |
34,775 |
57,682 |
|
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