Raleigh Street Business Center | 420 Raleigh St
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Raleigh Street Business Center 420 Raleigh St
13,500 SF 100% Leased Flex Building Wilmington, NC 28412 $3,265,000 ($242/SF)
Investment Highlights
- Located off Carolina Beach Road
- In close proximity to the Port of Wilmington.
Executive Summary
Fully leased office/warehouse building for sale fronting Raleigh Street, just off Carolina Beach Road and in close proximity to the Port of
Wilmington. The property consists of a ± 13,500 SF freestanding well-maintained office/warehouse building situated on ± 2.96 AC zoned
IND (Industrial) by the City of Wilmington. The property is currently leased to 4 tenants occupying 7 separate units. The property has an
expansive stoned and fenced laydown yard, along with several outbuildings that have not been added to the advertised square footage.
Most leases are currently at below-market rates, offering significant upside potential upon lease renewals and restructuring. A large majority of athe warehouse areas are climate controlled.
Wilmington. The property consists of a ± 13,500 SF freestanding well-maintained office/warehouse building situated on ± 2.96 AC zoned
IND (Industrial) by the City of Wilmington. The property is currently leased to 4 tenants occupying 7 separate units. The property has an
expansive stoned and fenced laydown yard, along with several outbuildings that have not been added to the advertised square footage.
Most leases are currently at below-market rates, offering significant upside potential upon lease renewals and restructuring. A large majority of athe warehouse areas are climate controlled.
Property Facts
| Price | $3,265,000 | Rentable Building Area | 13,500 SF |
| Price Per SF | $242 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1999 |
| Property Type | Flex | Parking Ratio | 3.7/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 2.96 AC |
| Price | $3,265,000 |
| Price Per SF | $242 |
| Sale Type | Investment |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 2.96 AC |
| Rentable Building Area | 13,500 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Parking Ratio | 3.7/1,000 SF |
| No. Drive In / Grade-Level Doors | 7 |
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PROPERTY TAXES
| Parcel Number | R06500-002-046-000 | Improvements Assessment | $849,900 |
| Land Assessment | $264,500 | Total Assessment | $1,114,400 |
PROPERTY TAXES
Parcel Number
R06500-002-046-000
Land Assessment
$264,500
Improvements Assessment
$849,900
Total Assessment
$1,114,400
zoning
| Zoning Code | IND (Industrial) |
| IND (Industrial) |
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Raleigh Street Business Center | 420 Raleigh St
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