Restaurant Space For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30265683
Property Subtypes: Restaurant, Street Retail
Condo? Yes
Building Size (RSF): 3,000 SF
Sale Price: $250,000
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Bradley Square
Usable Size (USF): 3,000 SF
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 5/15/2018

Overview / Comments

DO NOT DISTURB THE MANAGER, EMPLOYEES OR CLIENTELE. Excellent opportunity to buy a well established restaurant with long term successful history here in Wilmington and have the opportunity to buy the real estate also. Olympia has served the Wilmington community since 1994 and the owners are ready to retire. Oleander Drive has become the next area for commercial growth in Wilmington with this location providing excellent visibility and traffic counts. With the purchase of the business at $250,000 (owner financing is an option depending on the buyer's financial credit/strength), the buyer can lease the real estate for $4,700/month NNN or purchase the real estate at a price to be determined through the negotiation process.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R06206-008-010-001 & R06206-008-010-002
Is Condo?: Yes
Zoning: CB
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Oleander Drive
Property Visibility: Excellent
Largest Nearby Street: Oleander Drive
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1994
Roof Type: Flat
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Community Business
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit 1 & 2 Bradley Square Condo

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,485 63,294 137,901
Median Age: 34.28 35.94 37.33
Households: 2,641 27,032 59,096
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