1328 Lake Park BlvdCarolina Beach, NC 28428

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

Strip malls

Property subtype

Neighborhood centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,877,340

  6.5%

  $6,348,310

  7%

  $5,894,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,436,210

  Geo Method

  $5,580,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $12,817,300

  Mixed-Use / Specialty

  $6,148,890

  Hospitality / Lodging

  $4,281,080

  Office

  $5,928,230

  Institutional / Educational

  $6,329,190

  Residential Income

  $7,405,150

  Multifamily

  $9,861,420

  Automotive / Energy

  $5,425,020

  Parking / Income-Based Land

  $2,046,770

  Restaurant / Food Service

  $2,820,790

  Healthcare / Senior Housing

  $6,486,870

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

FAQs

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