Catylist ID:
#30649150
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: | 7/21/2021 |
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 has been completely overhauled with new tenants, Martial Arts, Screen Printing and Scotts Retail all on long term leases. One vacancy remains with active interest in the final 750 sf. For current financials and expenses please call broker. |
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 |
Contact
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