805 Pine Grove DrWilmington, NC 28403
- Grocery and convenience stores
- 46,209 SF
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
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
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