2737 Castle Hayne Rd Wilmington, NC 28401-2684
Property profile & analytics
2737 Castle Hayne Rd Wilmington, NC 28401-2684
- Retail space
- 2,903 SF
- 0.57 lot acres
Property ID
US53-1313128
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Crossfit Wilmington / Gym & Fitness Center
- O'Leary's Automotive Repair / Auto Repair Shop
Property Details for 2737 Castle Hayne Rd
- Year built
- 1963
- Construction
- WOOD FRAME
- Lot size
- 0.57 lot acres
- Property size
- 2,903 SF
- Zone code
- B-1,BUSINESS DISTRICT
- Property type
- Retail space
- APN
- R03311-006-027-000
- APU
- R03311006027000
Description
This exceptional investment opportunity presents a rare chance to acquire a dual-income retail property in Wilmington, North Carolina. Located at 2737 Castle Hayne Rd, this property boasts a total of 6,653 square feet across two buildings situated on a 0.57-acre lot. The property is zoned B-1, allowing for a variety of uses. Built in 1963 and renovated in 1985, the property currently enjoys 100% occupancy. One building is an established auto shop featuring four bays, a small office, and a waiting area; some existing equipment may be included in the sale under separate agreement. The second building operates as a bar. This turnkey investment offers immediate cash flow with the potential for future appreciation. The property's prime location in Wrightsboro, just north of the Food Lion Shopping Center, ensures high visibility and convenient access for customers. The asking price is $1,200,000, translating to $180.37 per square foot. This represents a compelling investment opportunity in a thriving North Carolina market. The property consists of two single-story buildings, offering a combined 6,653 square feet of net rentable space. This is a unique chance to own a well-established, dual-income generating property with significant upside potential. The property's strong location and current occupancy make it an attractive investment for both seasoned and new investors.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $958,000
Market price range: $231k - $1.01M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $845,000 Current use
- OFFICE BUILDING
- $1,040,000 Change: +23% Conversion: Easy
- MEDICAL BUILDING
- $945,000 Change: +12% Conversion: Difficult
- WAREHOUSE, STORAGE
- $850,000 Change: +1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $830,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9217
- Latitude
- 34.294
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,169
$120,500
$609,100
$729,600
-
$120,500
$609,100
$729,600
