805 Pne Grv Dr Dr Wilmington, NC 28403
This exceptional 4.67-acre commercial property, located at 805 Pine Grove Dr Drive in Wilmington, North Carolina (zip code 28403), presents a significant investment opportunity. The property boasts a substantial 46,209 square feet of retail space, ideally suited for a variety of commercial ventures. Its prime location in the heart of Wilmington ensures high visibility and significant foot traffic, making it an attractive proposition for businesses seeking a strong presence in a thriving market. The site includes 125 designated parking spaces, providing ample convenience for customers and employees. This ensures a positive shopping experience and enhances the overall appeal of the property. A North Carolina Department of Transportation project is anticipated to commence in late 2024, pending funding approval. This development is expected to further enhance the area's accessibility and attractiveness. The asking price for this remarkable property is $7,500,000. This presents a rare chance to acquire a substantial retail space in a dynamic and growing area of Wilmington, North Carolina. The property is classified as both Retail and Land, offering flexibility for potential development and expansion. The property's size and location make it an ideal investment for those seeking a high-impact commercial presence in a bustling North Carolina city.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.