805 Pine Grove DrWilmington, NC 28403

Property Details for 805 Pine Grove Dr

Year built

2001

Construction

CONCRETE

Lot size

4.79 AC

Property size (Sq ft)

46,209 SF

Zone code

CB,COMMUNITY BUSIN

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

R06116-003-002-002

APU

R06116003002002

Description

This exceptional Class A retail property, located in the heart of Wilmington, NC, offers 46,209 square feet of versatile space ideal for a single tenant. The property sits on a 4.67-acre lot and boasts 125 designated parking spaces, ensuring convenient access for customers. Its prime location guarantees high foot traffic and excellent visibility, making it an attractive opportunity for businesses seeking a strong presence in a bustling area. The property's size and layout provide ample room for a variety of retail uses. The property's address is 805 Pine Grove. A Department of Transportation project is anticipated to begin in late 2024, pending funding. This project is expected to further enhance the area's accessibility and visibility. The property's parcel number is R06116-003-002-002. This is a single-tenant property.

• CAP approach

  CAP return

  Valuation

  6%

  $16,465,153

  6.5%

  $15,198,603

  7%

  $14,112,988

• Comparable approach

  Method

  Valuation

  Relative Method

  $30,825,942

  Geo Method

  $26,729,170

• Alternative Use

  Use

  Valuation

  Residential

  $12,820,590

  Hospitality

  $11,743,592

  Educational

  $9,770,530

  Medical

  $10,106,554

  Retail

  $15,198,603

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2002

Longitude

-77.8707

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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