Investment Property for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30593029
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 18,000 SF
Gross Land Area: 2.48 Acres
Sale Price: $1,050,000
Unit Price: $58.33 PSF
Property Use Type: Investment
Building Name: previously Strickland's Furniture and Window Coverings
Usable Size (USF): 18,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/31/2020

Overview / Comments

Prime 2.48 acre corner property with great visibility in fast growing area of New Hanover County. Property is in close proximity to Wilmington International Airport and Downtown Wilmington,and is accessible from both Castle Hayne Rd and 23rd St.

Additional 3.0 acre tract may also be purchased in conjunction with this offering.
Catylist # 30593074

Property includes over 18,000 sf of rental space including a 10,200 sf retail building, a 5000 sf multii-unit office building, and two single-family homes. Also included are multiple work/storage sheds not included in square footage.

All buildings are currently leased, providing for a great investment. Opportunity exists for future redevelopment of the site.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R04100-003-007-000
Zoning: B1
Retail Clientele: General, Family, Business, Tourist
Property Visibility: Excellent
Largest Nearby Street: Castle Hayne Road and 23rd Street
Tenancy: Multiple Tenants
Property Condition: Good
Parking Type: Surface
Zoning Description: B1
Water Service: Municipal
Sewer Type: Septic
Legal Description: (2.50 ACRES) PT CROMWELL CAPE FEAR

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,001 37,501 100,827
Median Age: 41.65 33.54 34.55
Households: 660 16,490 42,979
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