2,750 SF +/- Office Space for Sale - Midtown Wilmington

Office for Sale
Sale Pending
Catylist Listing ID: 30543322
Property Subtypes: Business Park, Institutional, Office Building
Status: Pending
Building Size (RSF): 2,750 SF
Gross Land Area: 0.06 Acres
Sale Price: $500,000
Unit Price: $181.82 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Carl Street
Class of Space: Class B
Usable Size (USF): 2,750 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/30/2020

Overview / Comments

This 2,750 sf, three suite combination at Parkway South office park located on Carl Street is now available for lease.

Formerly operated as Ultra Tan/Tropical Tan, this condo has a downstairs reception with 5 individual offices. One interior and one exterior stairway will take you upstairs to an additional 15 office units. Power is not an issue here as the former occupant was a tanning salon. This lends itself well for any professional user who requires heavy power to use large map printing, i.e Architectural, engineering or legal would do well.

The location is just off of Racine Drive making this office building well situated in Midtown/University Area of Wilmington. Minutes to Wrightsville beach or downtown via Eastwood Drive.

Water & Sewer included in CAM fees.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R05013-008-078-001; -003
Property Located Between: Carl Street and Racine Drive
Property Visibility: Good
Highway Access: indirect from Racine to MLK/Eastwood
Airports: ILM
Site Description: Two Story office building.
Area Description: University/Midtown
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2002
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Common Parking
Total Parking Spaces: 50
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Downstairs office and reception area divided up into several rooms, the stair way to upstairs, takes you to multiple office spaces.
Zoning Description: The purpose of the Office and Institutional District shall be to provide areas where institutional uses, professional office uses and other uses compatible to uses of an office or institutional nature shall be encouraged.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit 101R 402 Carl St Parkway South Condominiums/Unit 201/202R 402 Carl St Parkway South Condominiums.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,235 65,063 137,012
Median Age: 27.87 33.74 36.77
Households: 3,947 27,871 58,502
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