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

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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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