1.28 Acres on Market Street

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30282089
Property Subtypes: Free-Standing Building, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 2,500 SF
Sale Price: $745,000
Unit Price: $298 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,500 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/13/2018

Overview / Comments

Bank Owned. Great opportunity to own a prime piece of real estate on Market St. This 1.28 acres on the southbound side of Market St is currently an automotive garage but is ready for re-development. There are two buildings on the property, the first is the active business with a small office and waiting area, and the second is a metal building that is just a shell with no heating or cooling. The building does not have water, heat, or air The property is zoned RB- Regional Business and allows for a wide variety of retail services and businesses.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04320-001-005-001
Zoning: RB
Retail Clientele: General, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: Market St
Airports: ILM
Tenancy: Single Tenant
Total Number of Buildings: 2
Property Condition: Fair
Zoning Description: Regional Business District
Legal Description: (1.28 ACRES)Tract & ADJ RR R/W

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,578 58,440 107,705
Median Age: 38.52 35.34 36.78
Households: 3,544 24,251 45,578


Photograph of Listing Agent

Turner Schaeffer, III

Maus, Warwick, Matthews & Co. NCCMLS Member
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