3101 Princess Place DrWilmington, NC 28405

Property Details for 3101 Princess Place Dr

Year built

1997

Lot size

0.31 AC

Property size (Sq ft)

3,552 SF

Zone code

CB,COMMUNITY BUSIN

Property type

Specialty properties

Property subtype

Day care centers & nurseries

APN

R04913-001-004-000

APU

R04913001004000

Description

This exceptional commercial property, located at 3101 PRINCESS PLACE Drive in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a generous 3,598 square feet of space, this property sits on a sizable 0.31-acre lot, offering ample room for expansion or outdoor utilization. The building's versatile "Other" property type allows for a wide range of potential uses, making it ideal for businesses seeking a flexible and adaptable space. The asking price is $700,000, representing a compelling value in the thriving Wilmington commercial real estate market. Its prime location on Princess Place Drive offers excellent visibility and accessibility, ensuring high traffic and potential for strong returns. The property's size and location make it suitable for a variety of commercial ventures, from retail establishments to offices or specialized businesses. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding the property's specific features and zoning regulations are available upon request. Don't miss this chance to acquire a significant commercial asset in a dynamic and growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $841,611

  6.5%

  $776,872

  7%

  $721,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,081,334

  Geo Method

  $937,625

• Alternative Use

  Use

  Valuation

  Residential

  $985,495

  Hospitality

  $902,708

  Educational

  $751,042

  Medical

  $776,872

  Retail

  $1,168,288

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2443

Longitude

-77.9054

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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