3315 Masonboro Loop RdWilmington, NC 28409
- Retail properties
- 9,076 SF
Property Details for 3315 Masonboro Loop Rd
- Year built
- 2005
- Lot size
- 1.93 AC
- Property size (Sq ft)
- 9,076 SF
- Zone code
- MX
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- R06700-005-154-000
- APU
- R06700005154000
Description
This exceptional retail opportunity presents 1,240 square feet of vacant space within the Courtyard at Masonboro, a thriving neighborhood center located at 3315 Masonboro Loop Rd, Wilmington, NC 28409. The property boasts a total of 19,072 square feet across two single-story buildings, constructed in 2006. Situated on a 2.1-acre lot, this center enjoys a prime location off Masonboro Loop Rd, near Masonboro Sound Rd, providing convenient access to nearby residential communities. The property is zoned MX and has an APN of R06700-005-154-000 in New Hanover County. This high-traffic location makes it ideal for businesses seeking exposure to a dense residential population. The vibrant atmosphere and convenient access contribute to a strong customer base and excellent potential for business growth. The available space offers a chance to establish or expand a retail presence in a thriving Wilmington community. The property's location in the Masonboro submarket ensures high visibility and accessibility.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,233,953
- 6.5%
- $2,985,187
- 7%
- $2,771,960
-
Comparable approach
- Method
- Valuation
- Relative Method
- $6,054,584
- Geo Method
- $5,249,928
-
Alternative Use
- Use
- Valuation
- Residential
- $2,518,117
- Hospitality
- $2,306,582
- Educational
- $1,919,049
- Medical
- $1,985,048
- Retail
- $2,985,187
Location Insight
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Latitude
- 34.184
- Longitude
- -77.8599
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
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