2,310 SF Restaurant Space for Lease in Wilmington

Retail-Commercial for Sale
Catylist Listing ID: 30427178
Property Subtypes: Free-Standing Building, Restaurant, Street Retail
Building Size (RSF): 2,310 SF
Gross Land Area: 1.22 Acres
Sale Price: $1,100,000
Unit Price: $476.19 PSF
Property Use Type: Vacant/Owner-User
Building Name: Former Bojangles
Usable Size (USF): 2,310 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/14/2019

Overview / Comments

The former Bojangles facility is available for lease and sale. The site is 1.24 acres and fronts both Market St and Princess Place Drive. Zoned O&I 1, this property offers a great opportunity. The road improvements should be complete in the near future, and will offer a great opportunity for an experienced restaurateur and/or redevelopment opportunity. The property is clean and shows really well. 2 hood systems, 2 walk-ins (1 freezer, 1 cooler).

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: R04914-008-010-000
Zoning: O&I-1-OFFICE & INSTITUTION (GENERAL)
Retail Clientele: Family, Business
Property Located Between: Barclay Hills Dr & Cinema Dr
Property Visibility: Excellent
Largest Nearby Street: Hwy 17 Business
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1983
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Tiled, wainscoting and commercial kitchen
Zoning Description: Purpose. The purpose of the Office and Institutional Districts shall be to provide areas that are conducive to the establishment and operation of institutional, office and limited commercial activities not involving the sale of merchandise, except as provided herein. Standards are designed so that these districts, in some instances, may serve as transitions between residential districts and other commercial districts. The principal means of ingress and egress for uses in the districts shall be along collector roads, minor arterials, and/or major arterials as designated on the city's Thoroughfare Plans.
Lot Frontage: 131'
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: Shared driveway to Princess Place Dr - to be verified by survey.
Legal Description: (1.24 ACRES) PT PEARSALL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,922 77,289 130,122
Median Age: 26.55 34.28 36.28
Households: 5,630 33,137 55,666
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