1546 College Rd Wilmington, NC 28403

This 8,542 square foot retail building sits on a 1.14-acre lot in Wilmington, NC's Midtown submarket. Currently configured as an office, showroom, parts, and service center, the property boasts excellent visibility on College Road, with approximately 50,000 vehicles passing daily. Built in 1983 and expanded in 2009, the single-story building features a new roof (partial 10-year warranty) on the office/showroom area. The property offers over 180 feet of frontage on College Road, with convenient access via Spirea Drive, providing connections to Oleander and Shipyard. Zoned Regional Business (RB), this versatile property allows for a variety of uses. The almost entirely impervious coverage simplifies stormwater management, serviced by the City of Wilmington. The property is currently owner-occupied but will be vacant by May 2024, offering a unique opportunity for either leasing with existing improvements or ground lease for redevelopment. The APN is 3136-68-3940.000, and the address is 1546 College Rd, Wilmington, NC 28403. The property has a Class B rating.