Castle Street Commercial Re-Development Opportunity

Office for Sale
Also listed as Industrial, Multi-Family
Catylist Listing ID: 30568845
Property Subtypes: Institutional, Flex Space, Office Building, Other
Building Size (RSF): 9,827 SF
Gross Land Area: 0.61 Acres
Sale Price: $575,000
Unit Price: $58.51 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Girl's Club of Wilmington
Class of Space: Class C
Usable Size (USF): 9,827 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/24/2020

Overview / Comments

Unique property located in historic downtown Wilmington. Formerly the Girls Club of Wilmington meeting / activity center, this property is located in the popular Castle Street Arts & Antique District. Masonry, steel frame building consisting of classroom /office / warehouse space. Approximately a third of the building is up-fit as a gymnasium, but could be converted back to warehouse space. Great redevelopment or adaptive reuse opportunity in a revitalizing area.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05406-040-007-000 & R05410-011-001-001
Zoning: UMX (URBAN MIXED USE)
Property Located Between: 15th & 16th Streets
Property Visibility: Excellent
Highway Access: Close to NC Hwy 76 / US Bus Hwy 17 S.
Airports: ILM
Site Description: Property consists of two parcels (1502 & 1506 Castle Street).
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1963

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,831 58,985 126,542
Median Age: 36.71 35.68 36.55
Households: 6,656 27,404 54,297
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