501 Greenfield StWilmington, NC 28401

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

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.

• 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

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

FAQs

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