For Sale
$365,000

363 Metro Cir Wilmington, NC 28401

1.46 Acres, I-2 Zoning, Strong ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 1.46-acre industrial land parcel, located at 363 Metro Cir, Wilmington, NC 28401, presents a compelling investment opportunity. Currently zoned I-2, the property boasts convenient access to US Hwy 421 and the I-140 interchange, ensuring excellent logistical advantages. The land is currently leased to Ferrell Gas, with the lease expiring in May 2027. Existing improvements are in place for the tenant's use, and the property is fully fenced, providing security and defined boundaries. The lot size is 1.46 acres, and the asking price is $365,000, representing a pro-forma cap rate of 6.50%. The property's APN is R03200-002-028-000, situated in New Hanover County. This offering presents a solid investment prospect with a stable tenant and strategic location. Serious inquiries are encouraged

Highlights

  • 1.46-acre industrial land parcel in Wilmington, NC.
  • Zoned I-2 with easy access to US Hwy 421 and I-140.
  • Currently leased to Ferrell Gas until May 2027.
  • Fully fenced with existing improvements.
  • Asking price: $365,000, projected 6.50% cap rate.

Property Details for 363 Metro Cir

Property type
Land, Industrial properties
Lot Size (sq. ft)
63,598 SF

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.290161605764
Longitude
-77.977249462829

FAQs

What type of property is this?
Land - 1.46 Acres, I-2 Zoning, Strong ROI
Where is the land located?
The property is located at 363 Metro Cir Wilmington, NC.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1.46-acre industrial land parcel in Wilmington, NC.; Zoned I-2 with easy access to US Hwy 421 and I-140.; Currently leased to Ferrell Gas until May 2027.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
363 Metro Cir
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message