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    302 S College Rd Wilmington, NC

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    7,763 sqft retail property on 1.26 acre lot.

    Type:RETAIL
    Property size:
    7,763 SF
    Lot size:
    1.03 Acres
    Price / SF:
    $708/SF
    Added:
    Jan 2, 2024
    Days on Market:
    852
    Last Refresh:
    Apr 5 at 11:23 pm

    Property Features for 302 S College Rd

    General Information

    Standard status
    Active
    Size
    7,763 SF
    Lot size
    1.03 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Lyle Alper

    Listing agent Lyle Alper

    Listing office Vanderbilt Realty

    Listing date Jan 2, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Vanderbilt Realty


    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.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Outback Steakhouse Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -77.8727
    Latitude
    34.2381

    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.
    (516) 507-7494 Call to check price and availability
    More about this property
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