Law Office for Sale

Office for Sale
Catylist Listing ID: 30647577
Property Subtypes: Office Building
Building Size (RSF): 5,000 SF
Gross Land Area: 8,072 SF
Sale Price: $499,000
Unit Price: $99.80 PSF
In Opportunity Zone? Yes
Property Use Type: Business
Building Name: Marshall, Williams & Gorham Law Office
Class of Space: Class B
Usable Size (USF): 5,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/9/2020

Overview / Comments

This Historic House was built in 1926 and used as a Residence for 50 years. The 2-Story House was built and owned by 2 Brothers – each Family had separate Living Quarters, separated by the 1st and 2nd Floor, with separate Entrances on the bottom floor Front Porch. Each floor had its own Kitchen with living areas, with Front Porches on each level. In the mid-1970's, the Marshall, Williams and Gorham Law Firm purchased the Home and converted it to a Law Office, and removing both Kitchens for Office use. The Bathrooms are still in their original locations. Location makes this excellent for an Office User or a great Renovation Project, to restore this structure back to an Historic House, under the guidance of the Wilmington Preservation Commission for Historic Houses. There is Parking in the rear for approximately 3 to 4 vehicles and street parking along 5th Avenue. Additional Parking is available across the street for 10 to 12 vehicles that can be purchased separately. Shopping, Dining and the Cape Fear River are just a few Blocks away. Come take a Tour of this Historic Property!

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R04817-036-015-000
Zoning: HD
Property Located Between: Off Market St Downtown on South 5th Ave
Property Visibility: Excellent
Highway Access: South 5th Ave
Airports: ILM- 5 Miles
Site Description: Level
Area Description: Mix of residential, law office, churches and downtown business district and historic district
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,500 SF
Year Built: 1926
Year Renovated: 1970
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: Ample - 4 plus additional
Total Parking Spaces: 4
Interior Description: Offices, reception area, 2 conference rooms, 2 restrooms
Zoning Description: Historic
Lot Frontage: 60
Lot Depth: 144
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Water Rights, Utilities
Legal Description: PT E 1/2 4 WILM BLK 155

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,126 39,889 113,683
Median Age: 36.4 36.13 36.44
Households: 4,555 18,396 49,144

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