Medical Office or Redevelopment Opportunity on 17th Street

Office for Sale
Catylist Listing ID: 30750792
Property Subtypes: Medical, Office Building
Building Size (RSF): 4,646 SF
Gross Land Area: 0.61 Acres
Sale Price: $826,988
Unit Price: $178 PSF
Ceiling: 8 ft.
Property Use Type: Vacant/Owner-User, Business
Usable Size (USF): 4,646 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

This is a great site for sale in the heart of Wilmington. Situated between 16th & 17th Streets, and just a couple of blocks from New Hanover Regional Medical Center. The subject property is located at the corner of 17th Street and Robin Hood Road/New Hanover Medical Park Drive. The property is easily accessed by (2) stoplights, one at the 16th Street intersection and one at the 17th Street intersection. Traffic counts totaling over 35,000VPD between 16th and 17th Streets.

Comprised of .61+/- acres and featuring a 4,646+/- square foot medical office building. The property was the home of Floyd's Braces & Limbs for the past 35+ years, and is zoned O&I-1 by the City of Wilmington. The building is structurally sound and can be remodeled to accommodate a wide array of office users, or the site redeveloped entirely.

The adjacent property is also available for sale under a separate listing, and if combined, would give you 1.5+/- acres.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R05419-005-001-002
Zoning: O&I-1
Property Located Between: Robin Hood Road and Greenfield Street
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 4,646 SF
Year Built: 1984
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Zoning Description: Office and Institutional District 1
Lot Frontage: 120
Lot Depth: 190
Water Service: Municipal
Sewer Type: Municipal
Legal Description: (0.61 ACRES) PT LOT ADJ BLK N

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,253 64,655 141,287
Median Age: 41.57 36.36 36.47
Households: 5,214 29,795 60,525

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