112 N College Rd
41,452 SF Industrial Building Wilmington, NC 28405 $4,570,000 ($110/SF)
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity | 4.53 acres
EXECUTIVE SUMMARY
Incredible redevelopment opportunity in Wilmington, NC, with fantastic road-frontage on two of Wilmington’s busiest roads. Currently the property is leased until 5/31/25 with no extensions.
4.53 Acres
1000+ Ft. Road Frontage
Future Land Use emphasizes Employment / Academic Center & Live/Work Innovation Zone
Phase I and Phase II Environmental reports complete
Full Assemblage includes four properties all owned by one party
IND (General Industry) and RB (Regional Business) Zoning
4.53 Acres
1000+ Ft. Road Frontage
Future Land Use emphasizes Employment / Academic Center & Live/Work Innovation Zone
Phase I and Phase II Environmental reports complete
Full Assemblage includes four properties all owned by one party
IND (General Industry) and RB (Regional Business) Zoning
PROPERTY FACTS
| Price | $4,570,000 |
| Price Per SF | $110 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.50 AC |
| Rentable Building Area | 41,452 SF |
| No. Stories | 1 |
| Year Built | 1971 |
| Tenancy | Single |
| Parking Ratio | 0.72/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
PROPERTY TAXES
| Parcel Number | R04912-003-002-000 | Improvements Assessment | $1,173,300 |
| Land Assessment | $844,000 | Total Assessment | $2,017,300 |
ZONING
| Zoning Code | IND (General Industry) |
