5203 Castle Hayne Rd Castle Hayne, NC 28429-6414
This exceptional industrial property, located at 5203 Castle Hayne Road in Castle Hayne, North Carolina, 28429, presents a unique investment opportunity. Priced at $685,000, this 2,904 square foot warehouse sits on a B-2 zoned lot boasting 105 feet of road frontage on Castle Hayne Road. The property comprises three buildings: two 24x60 foot structures and a 24x21 foot office building. The front building, constructed in 1984, features one two-post and one four-post auto lift, three roll-up overhead doors, an overhead propane shop heater, and an air compressor. The rear building, built in 2006, offers four roll-up overhead doors, an air compressor, and overhead electric heaters. This property is ideally suited for a mechanic or similar business, offering ample space and existing equipment. The seller will require a post-closing period to remove personal items, with the seller covering the associated costs. This turnkey opportunity combines prime location, substantial square footage, and ready-to-use equipment, making it an attractive proposition for a discerning buyer. The property's convenient location and ample road frontage provide excellent visibility and accessibility.
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B & L Custom Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2,BUSINESS DISTRICT · Castle Hayne, NCCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.