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302 S College Rd Wilmington, NC 28403

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For Sale
$5,500,000

7,763 sqft retail property on 1.26 acre lot.

Property size:
7,763 SF
Lot size:
1.03 Acres

Property Features for 302 S College Rd

General Information

Size
7,763 SF
Lot size
1.03 Acres

Source: Vanderbilt Realty Agent Lyle Alper

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Retail Property on College Road

This retail property features a 7,763-square-foot building situated on a 1.26-acre lot. The property generates a net operating income of $274,256 with a cap rate of 5%. The sale price is contingent upon the new owner assuming an existing $1.8 million mortgage. The property is located on S College Rd in Wilmington, NC.
Insight Report Location Intelligence

Current Use by Public Records

Outback Steakhouse Steak House

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Wilmington
County
New Hanover
State
North Carolina
Longitude
-77.8726882
Latitude
34.2381239

FAQs

What type of property is this?
Retail space - 7,763 sqft retail property on 1.26 acre lot.
Where is this retail space located?
The property is located at 302 S College Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: - Sizeable 7,763 sq.ft property on a 1.26-acre lot.; - Net Operating Income (NOI) of $274,256.; - Attractive 5% Cap Rate.
More about this property
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