Property Type:
Comm Sale or Lease
Square Footage:
2,500
Lot Size (sq. ft.):
87,120
Status:
Closed
Current Price:
$2,650,000
List Date:
1/16/2023
Last Modified:
3/06/2023
Description
Industrial Warehouse located on the most up an coming corridors in Wilmington. This extremally versatile property checks all the boxes. Approximately 1 mile from the ILM Airport, on the going home side of the road, and at a lighted corner at the base of the on ramp to MLK BVD. Giving quick access to downtown Wilmington, Wrightsville Beach and I-40 Corridors. The property is currently lease to Wilmington Heating and Air Conditioning. The yare willing to sign a 7 year lease at $240k a year offering this property at an 8% CAP rate NN to investor buyers. Not only does the property offer an immediate investment return but as Wilmington grows this site and corridor have opportunities at a second life for redevelopment with C - Store potential or other redevelopment.
Last Updated: March - 06 - 2023
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