1901 Kent StWilmington, NC 28403

Property Details for 1901 Kent St

Year built

1960

Construction

WOOD FRAME

Lot size

0.98 AC

Property size (Sq ft)

6,020 SF

Zone code

CS,COMMERCIAL SERVICE

Property type

Office properties

Property subtype

Office buildings

APN

R05411-003-002-000

APU

R05411003002000

Description

This exceptional 150-square-foot executive office suite is ideally situated on Kent Street, offering a prime location just minutes from Historic Downtown and the beaches. The space is perfect for a single tenant seeking a private, first-floor office within a vibrant business community. The suite is part of the Kent Street Station, a building that provides convenient onsite parking. This is a full-service lease, encompassing all expenses except interior janitorial services, offering flexibility and convenience. The property is zoned CS and is suitable for a wide range of professional uses, including but not limited to legal, financial, technology, creative, or medical practices. The single-tenant occupancy ensures privacy and control over the workspace. The space is well-suited for small businesses, startups, sole proprietors, or enterprise teams seeking a professional and accessible office environment. Flexible lease terms are available, making this an attractive option for businesses with varying needs. The New Hanover County location provides easy access to a diverse range of amenities and a thriving local economy. This is a rare opportunity to secure a high-quality, well-located executive office space in a desirable area. The APN is R05411-003-002-000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,459,212

  6.5%

  $1,346,965

  7%

  $1,250,753

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,593,624

  Geo Method

  $1,381,831

• Alternative Use

  Use

  Valuation

  Residential

  $1,670,236

  Hospitality

  $1,529,928

  Educational

  $1,272,882

  Medical

  $1,316,658

  Retail

  $1,980,038

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2281

Longitude

-77.9214

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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