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    OFF-MARKET
    Gas stations

    602 Red Cross St, Wilmington, NC 28401-3557

    1,200 SF 0.14 ac lot Built 1954
    Individually Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1414241
    Property summary
    AI-generated overview

    This prime commercial property, located at 602 Red Cross Street in Wilmington's historic north side, offers 1,200 square feet of versatile space in a single-tenant building. Built in 1954, this masonry structure sits on a 0.14-acre corner lot, providing exceptional visibility and accessibility on a high-traffic street. The property features two roll-up bay doors, perfect for loading and unloading, along with a 200 square foot reception/office area and two exterior-access bathrooms. Ample parking is available with 10 spaces on-site. The flexible layout is ideal for adaptive reuse, making it suitable for a variety of businesses, from retail and workshops to studios and boutiques. The zoning is HD-MU. The property's location within the thriving Brooklyn North End redevelopment area offers significant growth potential. This modified gross lease requires the tenant to cover utilities and expenses, while the landlord covers taxes and building insurance. The property is ready for immediate occupancy. The APN is R04813-035-001-000. This is a one-story building with one building on the site.

    Property profile
    Verified
    Property type Gas stations
    Use group SERVICE STATION (FULL SERVICE)
    Year built 1954
    Construction CONCRETE
    Total area 1,200 SF
    Lot 0.14 ac (6,186 SF)
    Zoning code HD-MU
    APN R04813-035-001-000
    UPID US53-1414241
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Owner & transaction history
    Tyshoan Bloodworth · 1 yrs held
    Tyshoan Bloodworth
    since 2025
    5 recorded transactions
    2025
    2019
    2019
    2019
    2014
    Zoning & alternative use
    HD-MU · Wilmington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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