2106 17Th StWilmington, NC 28401

Property Details for 2106 17Th St

Year built

1968

Construction

WOOD FRAME

Lot size

0.41 AC

Property size (Sq ft)

3,700 SF

Zone code

O&I-1

Property type

Medical offices

Property subtype

Medical centers

APN

R06011-002-002-002

APU

R06011002002002

Description

This exceptional 3,700 square foot executive office building in Wilmington, North Carolina, presents a unique investment opportunity. Located at 2106 S 17th St, in the Hospital/Independence submarket of New Hanover County, this Class B property sits on a 0.41-acre lot. Built in 1967, the single-tenant building is entirely brick with attractive glass fronts, offering excellent visibility and curb appeal. Currently vacant, the entire 3,700 square feet is available for immediate occupancy. The property boasts ample parking, a significant advantage in this area. Previously used as a medical billing office, the building's design originally incorporated plans for a drive-through pharmacy, suggesting potential for a variety of uses. Its corner location provides exceptional access and exposure. The property's size and location make it ideal for a range of businesses seeking a prominent presence in a thriving Wilmington neighborhood. The zip code is 28401. This is a rare opportunity to acquire a well-situated, versatile commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $896,858

  6.5%

  $827,869

  7%

  $768,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $979,470

  Geo Method

  $849,298

• Alternative Use

  Use

  Valuation

  Residential

  $1,026,557

  Hospitality

  $940,321

  Educational

  $782,336

  Medical

  $809,242

  Retail

  $1,216,967

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2068

Longitude

-77.9251

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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