108 Wilmington StBurgaw, NC 28425

Property Details for 108 Wilmington St

Year built

1971

Lot size

0.42 AC

Property size (Sq ft)

4,500 SF

Zone code

RA

Property type

Office properties

Property subtype

Office buildings

APN

3229-33-4557-0000

APU

32293345570000

Description

This exceptional 944-square-foot commercial warehouse, located at 108 W Wilmington Street in historic downtown Burgaw, North Carolina, presents a unique investment opportunity. The property boasts a single-tenant occupancy and is situated on a lot in Pender County, offering convenient access to the area's amenities. Currently configured as a consignment shop, this versatile space previously served as an income tax office, showcasing its adaptability to various business needs. The building features a full bathroom, a sizable private room ideal for office use – complete with a sink and countertop, previously accommodating a microwave and refrigerator. This adaptable room offers diverse potential uses. Adding to its appeal is a convenient handicap-accessible ramp, ensuring inclusivity. A significant advantage is the inclusion of on-site parking, a rare find in the heart of Burgaw's historic district. The open layout of the main warehouse area provides flexibility for customization and expansion, making it suitable for a wide range of commercial ventures. The property's location in the vibrant downtown area offers high visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the community. This property is zoned for commercial use and is ready for immediate occupancy. The potential for this property is truly limitless. The combination of its versatile layout, convenient amenities, and prime downtown location makes this a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,090,773

  6.5%

  $1,006,867

  7%

  $934,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,191,247

  Geo Method

  $1,032,930

• Alternative Use

  Use

  Valuation

  Residential

  $1,248,516

  Hospitality

  $1,143,634

  Educational

  $951,490

  Medical

  $984,213

  Retail

  $1,480,095

Location Insight

City

Burgaw

County

Pender

State

North Carolina

Latitude

34.5518

Longitude

-77.9258

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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