For Sale
$1,200,000

2737 Castle Hayne RdWilmington, NC 28401

Dual-Income Retail Property in Wilmington, NC

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a rare chance to acquire a dual-income retail property in Wilmington, North Carolina. Located at 2737 Castle Hayne Rd, this property boasts a total of 6,653 square feet across two buildings situated on a 0.57-acre lot. The property is zoned B-1, allowing for a variety of uses. Built in 1963 and renovated in 1985, the property currently enjoys 100% occupancy. One building is an established auto shop featuring four bays, a small office, and a waiting area; some existing equipment may be included in the sale under separate agreement. The second building operates as a bar. This turnkey investment offers immediate cash flow with the potential for future appreciation. The property's prime location in Wrightsboro, just north of the Food Lion Shopping Center, ensures high visibility and convenient access for customers. The asking price is $1,200,000, translating to $180.37 per square foot. This represents a compelling investment opportunity in a thriving North Carolina market. The property consists of two single-story buildings, offering a combined 6,653 square feet of net rentable space. This is a unique chance to own a well-established, dual-income generating property with significant upside potential. The property's strong location and current occupancy make it an attractive investment for both seasoned and new investors.

Highlights

  • $1,200,000 asking price for a 6,653 SF retail property in Wilmington, NC.
  • Class B, 100% occupied, two-unit building with an auto shop and bar.
  • Located on 0.57 acres at 2737 Castle Hayne Rd, Wilmington, NC 28401.
  • Built in 1963, renovated in 1985, featuring two one-story buildings.
  • $180.37 price per square foot.

Property Details for 2737 Castle Hayne Rd

Property type
Retail properties, Bars
Square Feet
6,653 SF
Class
B
Year Built/Renovated
1963/1985
Buildings
2
Stories
1
Lot Size (sq. ft)
24,829 SF
Units
2

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.2940626
Longitude
-77.9217225
2737 Castle Hayne Rd, Wilmington, North Carolina

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2737 Castle Hayne Rd
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