6331 Carolina Beach RdWilmington, NC 28412

Property Details for 6331 Carolina Beach Rd

Year built

2004

Construction

STEEL FRAME

Lot size

1.36 AC

Property size (Sq ft)

14,290 SF

Zone code

B-2,BUSINESS DISTRICT

Property type

Retail properties

Property subtype

Strip malls

APN

R07900-003-108-000

APU

R07900003108000

Description

This exceptional 14,443 square foot retail property, situated on Carolina Beach Road in Wilmington, North Carolina, presents a significant leasing opportunity. The single-story, Class B building, constructed in 2004, sits on a one-acre lot and is zoned B-2 by New Hanover County, allowing for a diverse range of commercial uses. Currently, there is 9,000 square feet of vacant space available for lease within this multi-tenant strip center. The property's prime location on Carolina Beach Road ensures high visibility and accessibility for potential tenants. With its ample square footage and flexible zoning, this property is ideal for businesses seeking a prominent presence in a thriving Wilmington commercial district. The building features a single story and is part of a larger 14,443 square foot complex. The property's address is 6331 Carolina Beach Rd, Wilmington, NC 28412. This presents a unique chance to establish or expand a business in a high-traffic area with significant growth potential. The property's convenient location and flexible zoning make it an attractive option for a variety of retail businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,091,801

  6.5%

  $4,700,124

  7%

  $4,364,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,532,833

  Geo Method

  $8,265,919

• Alternative Use

  Use

  Valuation

  Residential

  $3,964,730

  Hospitality

  $3,631,672

  Educational

  $3,021,508

  Medical

  $3,125,423

  Retail

  $4,700,124

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.1086

Longitude

-77.8993

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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