1328 Lake Park BlvdCarolina Beach, NC 28428
- Retail properties
- 23,378 SF
Property Details for 1328 Lake Park Blvd
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 2.74 AC
- Property size (Sq ft)
- 23,378 SF
- Zone code
- HB
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- R08810-004-027-000
- APU
- R08810004027000
Description
This exceptional Class A commercial property, located at 1328 N Lake Park Blvd in Carolina Beach, NC 28428, offers 22,222 square feet of versatile space. Built in 2005, this single-story building features 16-foot ceilings and boasts a diverse range of uses, including medical, creative, and executive office spaces, along with retail and restaurant possibilities. The property includes 10 suites, with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,700 square feet. Currently, 4,700 square feet is available. The 2.8-acre lot provides ample parking with 138 spaces. Conveniently situated near Walgreens, this property benefits from excellent visibility and accessibility, enhanced by multiple ingress and egress points. The zoning is Commercial Highway, within the Wilmington submarket cluster. Annual property taxes are $1 per square foot. Duke Energy provides power. This thriving business center already houses a variety of professionals, including medical practitioners, a dentist, chiropractor, acupuncturist, therapists, and a bagel shop, creating a vibrant and collaborative environment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $8,330,030
- 6.5%
- $7,689,258
- 7%
- $7,140,026
-
Comparable approach
- Method
- Valuation
- Relative Method
- $15,595,422
- Geo Method
- $13,522,789
-
Alternative Use
- Use
- Valuation
- Residential
- $6,486,177
- Hospitality
- $5,941,304
- Educational
- $4,943,094
- Medical
- $5,113,095
- Retail
- $7,689,258
Location Insight
- City
- Carolina Beach
- County
- New Hanover
- State
- North Carolina
- Latitude
- 34.0504
- Longitude
- -77.8988
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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