1328 Lake Park BlvdCarolina Beach, NC 28428

  • Retail properties
  • 23,378 SF
For Lease
$22/SF/YR View listing

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
1328 Lake Park Blvd, Carolina Beach, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,305
$1,274,300
$2,681,400
$3,955,700
-
$1,274,300
$2,681,400
$3,955,700

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