420 Raleigh StWilmington, NC 28412

This exceptional investment opportunity presents a fully leased, 13,500 square foot office and warehouse building situated on a 2.96-acre lot in Wilmington, North Carolina. The property, located at 420 Raleigh Street, enjoys a prime location just off Carolina Beach Road and in close proximity to the Port of Wilmington. The Class B building features seven separate units currently occupied by four tenants under modified leases, offering significant upside potential due to below-market rental rates. The property includes an expansive paved and fenced lay-down yard, along with several additional outbuildings not included in the advertised square footage. A large portion of the warehouse space benefits from climate control. The property is zoned IND (Industrial) by the City of Wilmington and boasts a 100% occupancy rate. This multi-tenant property presents a strong cash flow opportunity with potential for future appreciation. The asking price is $3,265,000. The property's Asset Property Number (APN) is R06500-002-046-000. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.