920 6Th St Wilmington, NC 28401
- Commercial real estate
- 13,573 SF
- 1.50 lot acres
Current Use by Public Records
- Purpose Church International / Church
- Miracle, Restoration, Deliverance, Revival Ministries / Non-Denominational Church
Property Details for 920 6Th St
- Year built
- 1876
- Construction
- CONCRETE
- Lot size
- 1.50 lot acres
- Property size
- 13,573 SF
- Zone code
- O&I-1
- Property type
- Commercial real estate
- APN
- R04809-040-001-000
- APU
- R04809040001000
Description
This exceptional commercial property, located at 920 N 6TH Street in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a substantial 14,197 square feet of space, this property sits on a generous 1.51-acre lot, offering ample room for expansion, development, or significant operational flexibility. The property's versatile "Other" classification allows for a wide range of potential uses, making it an attractive prospect for businesses seeking a prominent location in a thriving area. The asking price is $2,495,000. Given its size and location in Wilmington, NC, this property is well-suited for a variety of commercial ventures. The substantial lot size provides significant potential for future development or expansion, catering to businesses requiring extensive space or those anticipating growth. Its strategic location within Wilmington offers excellent access to transportation routes, local amenities, and a strong workforce. Detailed site plans and zoning information are available upon request. Serious inquiries only. This is a rare opportunity to acquire a significant commercial property in a desirable location. The property's size and versatility make it an ideal investment for discerning buyers seeking a strong return on their investment. Don't miss this chance to secure a prime piece of Wilmington commercial real estate.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,530,000
- 6.5%
- $1,535,000
- 7%
- $1,705,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,570,000
- Geo Method
- $1,615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,530,000
- Retail
- $1,455,000
- Mixed-Use
- $1,315,000
- Hospitality
- $1,605,000
- Educational
- $1,690,000
- Residential Income
- $1,650,000
- Energy
- $1,680,000
- Income-Based Land
- $1,370,000
- Food Service
- $1,315,000
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9427
- Latitude
- 34.2464
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
