1306 N 23rd Street, Wilmington, NC 28405

$3,000,000
2,500
SqFt
List Price
$3,000,000
Status
PENDING
MLS#
100360919
Days on Market
25
Year Built
1979
Living Area
2,500
Acres
2
Neighborhood
Smith Creek Estates

Property 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.

Additional Information

Available Amenities
Pool - Outdoor
Heating
Heat Pump
Water Heater
Electric
Floors
Concrete
Exterior Finish
Metal Siding
Lot Information
Corner Lot
Sewer
City Water, Municipal Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp.

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