Commercial building and business

Retail-Commercial for Sale
Catylist Listing ID: 30465397
Property Subtypes: Restaurant
Building Size (RSF): 3,956 SF
Gross Building Area: 3,900 SF
Sale Price: $1,500,000
Unit Price: $379.17 PSF
Ceiling: 12 ft.
Property Use Type: Investment, Business
Usable Size (USF): 3,900 SF
Sale Terms: Other
Cap Rate: 14.0%
Average Occupancy Rate: 100
Last Updated: 9/11/2020

Overview / Comments

Please contact the agent for more information about this listing.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 312907.57.7874.000
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Castle Hayne Rd
Feet of Frontage: 159
Traffic/Vehicle Count: 16,000
Highway Access: I-40
Airports: Wilmington International Airport
Site Description: Building sits on the corner of Castle Hayne Rd and Kerr Ave. Highly visible and easy access to enter building parking area. Exterior parking lot has been freshly black topped and re stripped when purchased in 2018. Exterior structure is solid and has been freshly painted in 2018. Two of the three HVAC systems have been replaced in 2018,
Area Description: Castle Hayne Rd is quickly developing with numerous of new residential communities being build at this moment. Building Sits in front of Wrightsboro Plaza. Building has the best visibility and easy access.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,800 SF
Property Condition: Excellent
Year Built: 1993
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Stucco
Total Parking Spaces: 39
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,001 20,616 87,138
Median Age: 41.65 34.2 34.2
Households: 660 8,421 36,832


Photograph of Listing Agent

Eliza Santos

RE/MAX Essential NCCMLS Member
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