8121 Market StWilmington, NC 28411

Property Details for 8121 Market St

Year built

2002

Construction

CONCRETE

Lot size

1.30 AC

Property size (Sq ft)

2,462 SF

Zone code

B-2,BUSINESS DISTRICT

Property type

Retail properties

Property subtype

Other car washes

APN

R03600-003-120-000

APU

R03600003120000

Description

This exceptional 2,462 square foot office space is located at 8121 Market Street in Wilmington, North Carolina's desirable Porters Neck district. Previously a car wash, this single-tenant property has been converted for office or retail use and sits on approximately 1.29 acres. The B-2 zoning allows for a variety of commercial uses. Its prime Market Street location offers high visibility and significant traffic volume, making it an ideal location for businesses needing ample parking. The building's total square footage is 2,462 square feet, situated in New Hanover County, North Carolina, with a zip code of 28411. The property's convenient location and flexible zoning make it a compelling opportunity for businesses seeking a high-traffic, easily accessible location in a thriving commercial area. This property presents a unique chance to establish a presence in a well-established and growing neighborhood. The ample parking available caters to businesses requiring convenient access for employees and customers alike. The building's adaptable layout allows for customization to suit a variety of business needs. This is a rare opportunity to secure a prominent location on Market Street in Wilmington.

• CAP approach

  CAP return

  Valuation

  6%

  $877,258

  6.5%

  $809,776

  7%

  $751,935

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,642,396

  Geo Method

  $1,424,121

• Alternative Use

  Use

  Valuation

  Residential

  $683,077

  Hospitality

  $625,695

  Educational

  $520,571

  Medical

  $538,474

  Retail

  $809,776

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2972

Longitude

-77.7942

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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