6504 Market St Wilmington, NC 28405-3733
- Automotive properties
- 1,420 SF
- 0.40 lot acres
Current Use by Public Records
- T & G Value Center - Automotive dealership / Used Car Dealer
- Mike Griffin's Auto Sales / Used Car Dealer
Property Details for 6504 Market St
- Year built
- 1988
- Construction
- WOOD FRAME
- Lot size
- 0.40 lot acres
- Property size
- 1,420 SF
- Zone code
- RB,REGIONAL BUSINESS
- Property type
- Automotive properties
- APN
- R04319-002-004-000
- APU
- R04319002004000
Description
This exceptional 1,420 square foot retail property at 6504 Market Street in Wilmington, North Carolina (zip code 28405), offers a unique investment opportunity. Situated on a nearly half-acre lot, this single-tenant space previously served as a car dealership, making it ideally suited for a similar business. The property boasts a highly visible location within Wilmington's established auto dealership district, ensuring high traffic volume and excellent exposure to Market Street's daily commuters. Ample signage opportunities exist, both on the building itself and via a roadside marquee, maximizing brand visibility. The existing layout is readily adaptable for various automotive-related uses, including used car dealerships, auto repair shops, detailing services, or car rental agencies. However, the versatile space could also accommodate other commercial ventures. Easy access from Market Street ensures convenient customer access, contributing to increased foot traffic and sales potential. This property presents a compelling chance to establish or expand a business within a thriving commercial hub. The location's strategic placement within the heart of Wilmington's auto dealership district provides a significant competitive advantage.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $525,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $395,000
- 7%
- $470,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $390,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $345,000
- Retail
- $365,000
- Mixed-Use
- $355,000
- Hospitality
- $450,000
- Educational
- $425,000
- Residential Income
- $355,000
- Energy
- $450,000
- Income-Based Land
- $445,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.8411
- Latitude
- 34.256
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
