1328 Lake Park Blvd Carolina Beach, NC 28428
- Strip malls
- 23,378 SF
- 2.74 lot acres
Current Use by Public Records
- Weckel Chiropractic / Alternative Medicine Practice
- Canvas Giclee Printing / (Bike/Boat/Book/etc) Store / Printing Service
- Loralie Grigas, MSW, LCSW, LCAS, PLLC / Psychotherapist
- Damian Brezinski, MD, FACC / Physician
- Carolina Beach Counseling LLC / Medical Clinic
Property Details for 1328 Lake Park Blvd
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 2.74 lot acres
- Property size
- 23,378 SF
- Zone code
- HB
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- R08810-004-027-000
- APU
- R08810004027000
Description
This exceptional Class A commercial property, located at 1328 N Lake Park Blvd in Carolina Beach, NC 28428, offers 22,222 square feet of versatile space. Built in 2005, this single-story building features 16-foot ceilings and boasts a diverse range of uses, including medical, creative, and executive office spaces, along with retail and restaurant possibilities. The property includes 10 suites, with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,700 square feet. Currently, 4,700 square feet is available. The 2.8-acre lot provides ample parking with 138 spaces. Conveniently situated near Walgreens, this property benefits from excellent visibility and accessibility, enhanced by multiple ingress and egress points. The zoning is Commercial Highway, within the Wilmington submarket cluster. Annual property taxes are $1 per square foot. Duke Energy provides power. This thriving business center already houses a variety of professionals, including medical practitioners, a dentist, chiropractor, acupuncturist, therapists, and a bagel shop, creating a vibrant and collaborative environment.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,965,000
- 6.5%
- $5,505,000
- 7%
- $5,110,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,726,000
- AI Estimate
- $5,416,000
Market price range: $3.58M - $7.63MMarket price range: $1.28M - $7.83M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $5,530,000 Current use
- OFFICE BUILDING
- $7,815,000 Change: +41% Conversion: Moderate
- RETAIL STORES
- $7,490,000 Change: +35% Conversion: Easy
- AUTO REPAIR, GARAGE
- $7,475,000 Change: +35% Conversion: Difficult
- MEDICAL BUILDING
- $7,090,000 Change: +28% Conversion: Difficult
- WAREHOUSE, STORAGE
- $6,005,000 Change: +9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Carolina Beach
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8988
- Latitude
- 34.0504
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
