3408 Wilshire BlvdWilmington, NC 28403

Property Details for 3408 Wilshire Blvd

Year built

1985

Construction

CONCRETE

Lot size

0.85 AC

Property size (Sq ft)

11,550 SF

Zone code

O&I-1

Property type

Office properties

Property subtype

Office buildings

APN

R05509-018-006-000

APU

R05509018006000

Description

3408 Wilshire Blvd, Wilmington, NC presents a fantastic opportunity for businesses seeking a well-located office space. This single-story, 11,550 square foot building, constructed in 1985, is situated on a 0.85-acre lot in the Midtown submarket, offering excellent visibility and accessibility. The property features a traditional office layout, currently offering 3,863 square feet of vacant space suitable for multiple tenants. Its convenient location in central Wilmington provides easy access to downtown Wilmington, a mix of residential areas, local businesses, and retail establishments, ensuring high traffic and visibility. The proximity to shopping centers, restaurants, and a variety of professional services caters to a diverse clientele. Furthermore, its close proximity to the University of North Carolina Wilmington (UNCW) makes it an attractive location for businesses targeting both the student population and the broader community. Ample parking is available, adding to the overall convenience and appeal. The property is zoned O&I and its APN is 3137-24-4107.000. This is an exceptional opportunity to establish a presence in a thriving and dynamic area of Wilmington. The cross street is Wrightsville Ave.

• CAP approach

  CAP return

  Valuation

  6%

  $2,799,651

  6.5%

  $2,584,293

  7%

  $2,399,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,057,534

  Geo Method

  $2,651,187

• Alternative Use

  Use

  Valuation

  Residential

  $3,204,523

  Hospitality

  $2,935,326

  Educational

  $2,442,157

  Medical

  $2,526,146

  Retail

  $3,798,911

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2235

Longitude

-77.9004

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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