4505 Market St Wilmington, NC 28405
- Turn key restaurants
- 3,681 SF
- 1.48 lot acres
Current Use by Public Records
- Bojangles / Takeout Restaurant / Sandwich Shop
Property Details for 4505 Market St
- Year built
- 2015
- Construction
- WOOD FRAME
- Lot size
- 1.48 lot acres
- Property size
- 3,681 SF
- Zone code
- RB,REGIONAL BUSINESS
- Property type
- Turn key restaurants
- APN
- R04914-003-008-000
- APU
- R04914003008000
Description
This exceptional 1.03-acre commercial parcel presents a rare opportunity for retail development in the thriving Wilmington, NC market. Located on Market Street, this property boasts excellent visibility and accessibility, ensuring high traffic volume and strong brand recognition. Multiple points of ingress and egress are available from Market Street, Birchwood Drive, and Kerr Avenue, providing convenient access for customers and employees. The site's strategic location places it in close proximity to established businesses, including Walgreens, Bojangles, and a convenience store, creating a synergistic retail environment. The property is suitable for a variety of retail uses, offering significant potential for growth and return on investment. This single-tenant site is available for both lease and sale, providing flexibility for prospective buyers or tenants. The expansive lot size allows for ample space for building construction and parking, accommodating a wide range of retail concepts. Given its prime location and desirable characteristics, this property represents a compelling investment opportunity in a rapidly growing market. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,405,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,250,000
- 6.5%
- $8,950,000
- 7%
- $9,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $10,890,000
- Geo Method
- $8,425,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,715,000
- Retail
- $10,805,000
- Mixed-Use
- $8,960,000
- Hospitality
- $9,880,000
- Educational
- $7,940,000
- Residential Income
- $10,345,000
- Energy
- $9,270,000
- Income-Based Land
- $9,440,000
- Food Service
- $8,680,000
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8881
- Latitude
- 34.2437
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
