501 Greenfield StWilmington, NC 28401

  • Retail properties
  • 1,796 SF
For Sale
$740,000 View listing

Property Details for 501 Greenfield St

Year built
1948
Construction
CONCRETE
Lot size
0.14 AC
Property size (Sq ft)
1,796 SF
Zone code
UMX
Property type
Retail properties
Property subtype
Gas stations
APN
R05417-006-004-004
APU
R05417006004004

Description

This exceptional commercial property, located at 501 GREENFIELD Street in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a generous 1,796 square feet of space situated on a conveniently sized 0.14-acre lot, this property offers significant potential for a variety of commercial uses. The building's versatile layout allows for customization to suit diverse business needs. Its prime location in Wilmington provides excellent visibility and accessibility, ensuring high traffic and convenient access for customers and employees. The property's strategic positioning within the vibrant Wilmington commercial landscape offers significant advantages for businesses seeking a strong foothold in a thriving market. The asking price of $740,000 represents a compelling value proposition considering the property's size, location, and potential for future growth. This is an ideal opportunity for entrepreneurs and investors seeking a well-situated commercial space in a desirable North Carolina location. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to acquire a valuable asset in a dynamic and growing market. Act quickly, as properties of this caliber in this location are rarely available.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $639,949
    6.5%
    $590,722
    7%
    $548,528
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,198,108
    Geo Method
    $1,038,880
  • Alternative Use

    Use
    Valuation
    Residential
    $498,296
    Hospitality
    $456,437
    Educational
    $379,750
    Medical
    $392,810
    Retail
    $590,722
501 Greenfield St, Wilmington, North Carolina

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.2171
Longitude
-77.9408
CBSA code
48900
CBSA name
WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$965
$34,300
$79,900
$114,200
-
$34,300
$79,900
$114,200

FAQs

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