Urban Mixed Use Building FOR SALE

Retail-Commercial for Sale
Sale Pending
Also listed as Industrial
Urban Mixed Use Building FOR SALE
Catylist Listing ID: 30194161
Property Subtypes: Free-Standing Building, Street Retail
Status: Pending
Building Size (RSF): 10,100 SF
Gross Land Area: 0.24 Acres
Sale Price: $375,000
Unit Price: $37.13 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 10,100 SF
Sale Terms: Cash to Seller, Other
Cap Rate: 8.5%
Last Updated: 4/17/2018

Overview / Comments

Well Maintained 10,000+ Square Foot, Urban Mix Use Warehouse For Sale! Located on S. 17th Street (front) to S. 16th St. (rear) filling up the entire site. This is a great flexible spaced facility, a portion of the space is currently divided with leased spaces with multiple lease holders in place. Located in the newly named"Cargo District" this is an exciting time for this entire area. The building exterior is painted Brick with space for signage and a store front display windows. It has 30 ft. ceilings a second floor can be constructed in the rear of the building. There is a overhead garage door in the rear of the building for truck access. The Family Dollar Store is adjacent to the this building and fills out the remainder of the corner of the block allowing a traffic pattern to the Dawson/Oleander corridor with high traffic flow. While there is NO OFF STREET PARKING there is city street parking.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 29900568
Property Located Between: S.17th St. & S. 16th St.
Property Visibility: Excellent
Largest Nearby Street: DAWSON
Airports: ilm
Site Description: High visibility Warehouse located in the referred to as the "Cargo District" area of Wilmington. The building front on S. 17th St. extends over the site to S 16th St. THERE IS NO OFF STREET PARKING
Area Description: High visibility Warehouse located in the NEWLY NAMED "Cargo District" area of Wilmington. Located beside THE FAMILY DOLLAR STORE.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,100 SF
Property Condition: Good
Year Built: 1945
Year Renovated: 1986
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Painted Brick
Parking Type: Other
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,001 58,045 129,711
Median Age: 36.71 35.55 36.39
Households: 6,654 27,014 55,743
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