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: |
$469,900 |
Unit Price: |
$122.53 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: |
4/22/2021 |
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.
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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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