4505 Market StWilmington, NC 28405

Property Details for 4505 Market St

Year built

2015

Construction

WOOD FRAME

Lot size

1.48 AC

Property size (Sq ft)

3,681 SF

Zone code

RB,REGIONAL BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R04914-003-008-000

APU

R04914003008000

Description

This exceptional 1.03-acre commercial parcel presents a rare opportunity for retail development in the thriving Wilmington, NC market. Located on Market Street, this property boasts excellent visibility and accessibility, ensuring high traffic volume and strong brand recognition. Multiple points of ingress and egress are available from Market Street, Birchwood Drive, and Kerr Avenue, providing convenient access for customers and employees. The site's strategic location places it in close proximity to established businesses, including Walgreens, Bojangles, and a convenience store, creating a synergistic retail environment. The property is suitable for a variety of retail uses, offering significant potential for growth and return on investment. This single-tenant site is available for both lease and sale, providing flexibility for prospective buyers or tenants. The expansive lot size allows for ample space for building construction and parking, accommodating a wide range of retail concepts. Given its prime location and desirable characteristics, this property represents a compelling investment opportunity in a rapidly growing market. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is zoned for commercial use. Further details regarding zoning regulations and development possibilities are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,311,611

  6.5%

  $1,210,718

  7%

  $1,124,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,455,588

  Geo Method

  $2,129,240

• Alternative Use

  Use

  Valuation

  Residential

  $1,021,286

  Hospitality

  $935,492

  Educational

  $778,319

  Medical

  $805,086

  Retail

  $1,210,718

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2437

Longitude

-77.8881

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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