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Property profile & analytics
OFF-MARKET Estimated value $670,000
Office buildings

108 Wilmington St Burgaw, NC 28425

4,500 SF 0.42 ac lot Built 1971
Individually Owned 14-yr Hold Free & Clear
Property ID
US53-2359716
Property summary
AI-generated overview

This exceptional 944-square-foot commercial warehouse, located at 108 W Wilmington Street in historic downtown Burgaw, North Carolina, presents a unique investment opportunity. The property boasts a single-tenant occupancy and is situated on a lot in Pender County, offering convenient access to the area's amenities. Currently configured as a consignment shop, this versatile space previously served as an income tax office, showcasing its adaptability to various business needs. The building features a full bathroom, a sizable private room ideal for office use – complete with a sink and countertop, previously accommodating a microwave and refrigerator. This adaptable room offers diverse potential uses. Adding to its appeal is a convenient handicap-accessible ramp, ensuring inclusivity. A significant advantage is the inclusion of on-site parking, a rare find in the heart of Burgaw's historic district. The open layout of the main warehouse area provides flexibility for customization and expansion, making it suitable for a wide range of commercial ventures. The property's location in the vibrant downtown area offers high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the community. This property is zoned for commercial use and is ready for immediate occupancy. The potential for this property is truly limitless. The combination of its versatile layout, convenient amenities, and prime downtown location makes this a truly exceptional opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1971
Total area 4,500 SF
Lot 0.42 ac (18,295 SF)
Zoning code RA
APN 3229-33-4557-0000
UPID US53-2359716
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Burgaw Town Center Government Office
  • Pender-Topsail Post & Voice Publishing House Newspaper & Magazine
  • Mark Spencer Williams, Esq. Law Firm
  • ArtBeat Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$940k
Comparable Approach Comparable
$441k
Blend (final) Blend
$670k
Owner & transaction history
Town Of Burgaw · 14 yrs held
Town Of Burgaw
since 2011
3 recorded transactions
2011
$28,000
2011
$28,000
2010
Price N/A
Zoning & alternative use
RA · Burgaw, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

4. Electric agricultural fences are only permitted in the RA residential zoning district. 74 5. All front yard fences or walls for a residential use and fences along any street right-of-way shall be constructed of wood, stone, brick, decorative concrete block, wrought iron, products created to resemble these materials, or a combination of any of these materi…

Zone name Rural Agricultural
General category RESIDENTIAL
Zone area 5,516.97 ac
Source Unified Development Ordinance
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