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    3200 Wilmington St Raleigh, NC 27603

    For Sale
    Contact for pricing

    High-traffic location, ideal for salon use.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This 0.37-acre retail property, located at 3200 S Wilmington Street in Raleigh, NC, presents a unique investment opportunity. Priced at $2,000, the property is zoned and restricted for specific uses only: salon, barber shop, or nail salon. This limitation ensures a cohesive and targeted tenant base, minimizing potential conflicts and maximizing the property's appeal to businesses within these specific service categories. The property's size, while not specified in square footage, offers ample space for a thriving salon or similar establishment. Its location in Raleigh provides access to a substantial customer base and benefits from the city's robust economic activity. The 0.37-acre lot provides potential for expansion or outdoor amenities, subject to applicable zoning regulations and restrictions. Given the specific use restrictions, this property is an excellent choice for an entrepreneur looking to establish or expand a salon-related business in a prime Raleigh location. Serious inquiries only. The property is offered as-is. Further details regarding the property's interior layout and specific zoning regulations are available upon request. This is a rare opportunity to acquire a well-situated retail space in a desirable area of Raleigh, tailored for a specific and in-demand business type.

    Property Features for 3200 Wilmington St

    General Information

    Property type
    Retail properties
    Lot Size
    16,117 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A&C Supermarket Grocery Store 7 STAR TOBACCO, ... Tobacco Shop Chapanoke Square Business Center Jaszie Styles LLC Hair Salon

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.65054
    Latitude
    35.73756

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    FAQs

    What type of property is this?
    Retail property - High-traffic location, ideal for salon use.
    Where is this retail property located?
    The property is located at 3200 Wilmington St Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,000.
    (919) 862-7567
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    3200 Wilmington St Raleigh, NC 27603
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    Raleigh, NC 27603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3200 Wilmington St Raleigh, NC 27603
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