302 S College Rd, Wilmington, NC

Listing office Vanderbilt Realty Show Phone

Listing date Jan 2, 2024

Source Moodyscre

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Overview

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.

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

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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.