2-Story Downtown Commercial Building

Retail-Commercial for Sale
Catylist Listing ID: 30651029
Property Subtypes: Convenience Store, Day Care Facility, Restaurant, Retail-Pad, Tavern/Bar/Nightclub, Other
Building Size (RSF): 9,372 SF
Sale Price: $199,500
Unit Price: $21.29 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Usable Size (USF): 4,686 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/4/2021

Overview / Comments

Opportunity Zone Investment! This spacious 2-story building is located in the heart of Downtown Whiteville, on the corner of a main intersection in the business district. This Madison St. corridor has a historic Downtown charm and is a local hub, with many restaurants, offices, retail establishments, and more. The open floorpan and B-1 commercial zoning of this 2-story building makes it suitable for a variety of uses. Wonderful location for retail, office, restaurant, etc..Building is located on a corner with frontage on both S. Madison St. and W. Main St.

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Additional Details

Nearest MSA: Wilmington
County: Columbus
Submarket Type: Central Business District
Tax ID/APN: 1986
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: S Madison St.
Highway Access: Minutes from US-74/76
Area Description: Located in the heart of Downtown Whiteville Business District, surrounded by many different restaurants, offices, retail, and more. The Madison St. corridor has a historic downtown charm and this property is located on a main corner with frontage on both S Madison St. and W Main St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1965
Year Renovated: 1975
Roof Type: Flat
Parking Type: Surface, Other
Parking Description: Street Parking on both S Madison St. and W Main St.
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Other
Zoning Description: B-1 Commercial allows for a variety uses including but not limited to Office, Retail, Restaurant, and more.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Hillcrest Corp

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,614 5,485 11,680
Median Age: 38 39.77 40.25
Households: 1,603 2,314 4,545
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