Hard Corner 4 Store CB Investment Property for Sale
Retail-Commercial
for Sale
| Catylist Listing ID: |
30649150 |
| Property Subtypes: |
Street Retail
|
| Building Size (RSF): |
3,835 SF
|
| Gross Land Area: |
0.34 Acres
|
| Sale Price: |
$500,000 |
| Unit Price: |
$130.38 PSF |
| Property Use Type: |
Investment |
| Building Name: |
Summerhill Square |
| Usable Size (USF): |
3,835 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
1/20/2021 |
Overview / Comments
This 4 Bay Commercial Strip center is located at the intersection of Tennessee Avenue and Carolina Beach Road.
This intersection is slated to have traffic lights put in and is in a prime spot for redevelopment.
The tenancy at this property is currently month to month making for an easy transition for a new owner if they wanted to re-tenant, re-develop, or renovate.
For current financials and expenses please call broker.
|
Current Tenants
| Tenant Business Name |
Salon A |
| Industry Type |
Retail Trade |
| Is Renting? |
Yes |
| SF of Space Occupied |
1,000 SF |
| Tenant Business Name |
Salon B |
| Industry Type |
Retail Trade |
| SF of Space Occupied |
750 SF |
| Tenant Business Name |
Clothing Store |
| Industry Type |
Retail Trade |
| SF of Space Occupied |
1,000 SF |
| Tenant Business Name |
General Retail |
| Industry Type |
Retail Trade |
| Is Renting? |
Yes |
| SF of Space Occupied |
1,000 SF |
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Taxing Authority: |
Wilmington |
| Tax ID/APN: |
R06009-005-020-000 |
| Zoning: |
CB COMMUNITY BUSINESS |
| Retail Clientele: |
General, Family, Business |
| Property Located Between: |
Carolina Beach Rd and Washington St |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Carolina Beach Rd |
| Feet of Frontage: |
97 |
| Traffic/Vehicle Count: |
41,297 |
| Highway Access: |
Highway 421 |
| Airports: |
Wilmington International Airport |
| Area Description: |
Sunset park neighborhood |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
3,835 SF |
| Property Condition: |
Average |
| Year Built: |
1988 |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick/Aluminum Siding |
| Total Parking Spaces: |
15 |
| Parking Ratio: |
3.9 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Common Parking field |
| Interior Description: |
Different depending on each tenant |
| Zoning Description: |
The Community Business District is created to accommodate a broader range of commercial services to meet the daily needs of the surrounding neighborhoods. Development in the CB District will reflect both pedestrian and automobile-oriented types and will be located as directed by adopted plans and policies, and typically accommodate larger scale retail and commercial service uses than the Neighborhood Business (NB) District. |
| Lot Frontage: |
97 |
| Lot Depth: |
149 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
16/17/18/19 BLK 27 SUMMER |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
6,682 |
51,372 |
121,301 |
| Median Age: |
41.4 |
37.41 |
36.6 |
| Households: |
3,269 |
23,961 |
52,338 |
|
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