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
Listing courtesy of Intracoastal Realty Corp.
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