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1824 Castle Hayne Road, Wilmington, NC 28401 (MLS# 100215487)


$1,200,000
1824 Castle Hayne Road
Wilmington, NC 28401
MLS# 100215487
Status: Closed
18000 sqft


1824 Castle Hayne Road, Wilmington, NC 28401
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1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401 1824 Castle Hayne Road, Wilmington, NC 28401

Property Description
Prime 2.48 acre corner property with great visibility in fast growing area of New Hanover County. Property is in close proximity to Wilmington International Airport and Downtown Wilmington,and is accessible from both Castle Hayne Rd and 23rd St. Additional 3.0 acre tract may also be purchased in conjunction with this offering. Catylist # 30593074 Property includes over 18,000 sf of rental space including a 10,200 sf retail building, a 5000 sf multii-unit office building, and two single-family homes. Also included are multiple work/storage sheds not included in square footage. All buildings are currently leased, providing for a great investment. Opportunity exists for future redevelopment of the site.

Details
Maps
Contract Info
Status: Closed
Marketing Start Date: 2020-04-24
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 1050000
Current Price: $1,200,000
List Price/SqFt: 58.33
Stipulation of Sale: Standard
Location Information
Street #: 1824
Street Name: Castle Hayne
Street Suffix: Road
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: No
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.272128
Geo Lon: -77.926142
Remarks and Showing
Directions to Property: From the intersection of College Road and Market Street, drive north on College Road. Turn left on US-74/Martin Luther King Jr Pkwy. Take the NC-133 N exit from US-74 W/Martin Luther King Jr Pkwy. Drive to 1824 Castle Hayne Road.
Sign on Property: Yes
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 18000
Legal and Taxes
Tax Assessed Value: 789100
Deed Book: 567
Deed Page: 490
Legal: (2.50 ACRES) PT CROMWELL CAPE FEAR
Broker Owner: No
PID: R04100-003-007-000
Tax Identifier: R04100-003-007-000
Special Assessments: None
Tax Year: 2019
Year Built: 1935
Zoning: B-1
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: No
Status Change Info
Under Contract Date: 2020-12-20
Sold Price: $1,200,000
Sold Date: 2021-05-11
Miscellaneous
Occupancy: 100
Financial Info
Financial Info: Yes
Cap Rate %: 12
Property Features
Business Type: Retail
Construction: Block; Brick/Stone; Wood Frame
Exterior Finish: Brick Veneer; Stucco; Wood Siding
Flooring: Carpet; Concrete
Foundation: Block
Fuel Tank: None
Lot Description: Corner Lot
Location: Corner; Freestanding
Cooling: Central Air
Heating System Fuel Source: Electric
Water Heater: Electric
Sewer: Septic Tank
Water Source: Public
Lease Types: Modified

Listing Office: Berkshire Hathaway HomeServices Carolina Premier Properties

Last Updated: June - 09 - 2021

1824 Castle Hayne Road, Wilmington, NC 28401 - MLS# 100215487

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