+/- 2 acres of B-3 Commercial with 2 Buildings

Retail-Commercial for Sale
Catylist Listing ID: 30664908
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Parking Facility, Retail-Pad, Service Station/Gas Station, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 5,129 SF
Gross Land Area: 2 Acres
Sale Price: $575,000
Unit Price: $112.11 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Usable Size (USF): 5,129 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/10/2021

Overview / Comments

Opportunity Zone Investment! Approx. 2 acres of B-3 Commercial property in prime location, next to Lowe's Home & Garden. Located at the intersection of Hwy 130 and Hwy 701 in Whiteville. Sale includes 2 buildings (the smaller bldg. has tenant in place). The larger building is approx. 4,489 SF total, with a lobby (1,259 SF), a large 6-bay garage (3,230 SF) with Roll-up doors and big loading dock, outdoor loading dock in rear (168 SF.), and large fenced-in laydown yard behind the building(9,746 SF.). The smaller building is 640 SF. The two buildings combined consist of 5129 SF total.Handicap access. B-3 Commercial Zoning allows for a wide array of uses.The billboard on the property is leased by Lamar and they had a 3 year lease that was executed on Feb 2018. It expires on Feb 2021. They pay $800 per year. They usually renew so they probably will renew it with a new owner. Renzor heaters in the garage. NCDOT - Access map & Preliminary Survey to be confirmed by the buyer. For preliminary information only .

Additional Details

Nearest MSA: Wilmington
County: Columbus
Tax ID/APN: 5508, 3297, 3303, 5336
Retail Clientele: General, Business, Other
Property Located Between: Lowe's Home & Garden and HWY 701 (on E Love Mill Rd.)
Property Visibility: Excellent
Largest Nearby Street: HWY 130 and Hwy 701
Feet of Frontage: 200
Highway Access: Located at Corner of Hwy 701 and Hwy 130
Site Description: Approx. 2 acres of B-3 Commercial at the intersection of Hwy 130 and Hwy 701. B-3 Zoning allows for a wide array of Commercial Uses.
Area Description: Property is located beside Lowe's Home & Garden at the busy intersection of Hwy 130 and Hwy 701
Tenancy: Single Tenant
Total Number of Buildings: 2
Number of Stories: 1
Typical SF / Floor: 5,129 SF
Property Condition: Good
Year Built: 1980
Roof Type: Other
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Parking Description: Large Parking Lot on Property
Heat Type: Electricity, Propane, Other
Heat Source: Central, Wall Units
Interior Description: Larger Building includes lobby area (1,259 SF), 6-Bay Garage (3,230 SF) with loading dock throughout the garage, 2 additional rooms, 2 bathrooms, etc.
Zoning Description: B-3 Commercial Zoning allows for a wide array of uses.
Lot Frontage: 200
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Stanley Investments, LLC - S. P. Stanley
Legal Description: LOT & BLDG

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,570 14,354
Median Age: 38.64 40.01
Households: 3,783 5,613
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