ROCKY POINT STRIP CENTER

Retail-Commercial for Sale
Catylist Listing ID: 30466693
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 1,800 SF
Gross Land Area: 0.92 Acres
Sale Price: $350,000
Unit Price: $194.44 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Usable Size (USF): 1,800 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: 4.0%
Average Occupancy Rate: 100
Last Updated: 10/13/2019

Overview / Comments

ONE OF THE MOST UNIQUE MAJOR HIGHWAY FRONTAGE COMMERCIAL COMMUNITY STRIP CENTERS FULLY LEASED IN AN INVESTOR OPPORTUNITY ZONE OCCUPIED BY GREAT LONG TERM TENANTS INCLUDING A NATIONALLY BRANDED TAX PREPARATION FRANCHISE, A WELL KNOWN BARBER SHOP, A POPULAR HAIR SALON AND SPA WITH TATTOO PARLOR!!!

BECAUSE THIS CENTER IS LOCATED ON A HIGHLY VISIBLE MAJOR HIGHWAY CORNER .92 ACRE PARCEL ZONED GENERAL BUSINESS WITH ONLY 1,800 SQUARE FEET SPACE CONSTRUCTED,, THE OWNER-SELLER WILL CONSIDER OWNER FINANCING THE PURCHASE PRICE TO HELP THE INVESTOR OR INVESTOR-USER COMPLETE THE MAXIMUM DEVELOPMENT POTENTIAL!!

PLEASE CONTACT THE LISTING AGENT WITH QUESTIONS, COMMENTS, ADDITIONAL DETAILS AND TO SCHEDULE CLIENT SHOWINGS ACCOMPANIED BY OWNER AND LISTING AGENT!.

Additional Details

Nearest MSA: Wilmington
County: Pender
Taxing Authority: PENDER COUNTY
Tax ID/APN: 3233-33-5632-0000/00120055
Zoning: GB
Retail Clientele: General, Family, Business
Property Located Between: WILMINGTON, NC AND BURGAW, NC
Property Visibility: Excellent
Largest Nearby Street: US HIGHWAY 117 S
Feet of Frontage: 200
Traffic/Vehicle Count: 15,000
Highway Access: US HWY 117 S FRONTAGE / .4 MILE TO NC HWY 210 / 1,2 MILES TO US INTERSTATE 40.
Airports: ILM INTERNATIONAL
Site Description: HIGHLY VISIBLE CORNER PARCEL AT THE INTERSECTION OF US HWY 117 S AND OAK HILLS DRIVE ENTRANCE TO HUNTER HILLS SUBDIVISION.
Area Description: A HEAVILY TRAVELED AND HIGHLY VISIBLE AREA WITH EASY ACCESS LESS THAN ONE-HALF MILE SOUTH OF THE POPULAR AREA INTERSECTION US HWY 117 S AND NC HWY 210 AT INTERSTATE 40.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,800 SF
Property Condition: Excellent
Year Built: 1988
Year Renovated: 2018
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: SINGLE STORY THREE UNIT STRIP CENTER.
Parking Ratio: 100 (per 1000 SF)
Parking Type: Surface
Parking Description: 15 DESIGNATED SPACES WITH AMPLE SITE OVERFLOW PARKING AVAILABLE.
Heat Type: Electricity
Heat Source: Central, Radiant
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable, Satellite
Interior Description: UNIT A IS A BARBER SHOP / UNIT B IS A HEWITT JACKSON TAX SERVICE OFFICE / UNIT C IS A HAIR SALON AND SPA WITH A TATTOO PARLOR.
Zoning Description: GENERAL BUSINESS DISTRICT (GB) - THIS DISTRICT IS PRIMARILY INTENDED TO ACCOMMODATE USES WHICH REQUIRE CLOSE ACCESS TO MAJOR HIGHWAYS. THE DISTRICT IS ESTABLISHED TO PROVIDE CONVENIENT LOCATIONS FOR BUSINESSES WHICH SERVE THE NEEDS OF SURROUNDING RESIDENTS, INCLUDING OFFICE, RETAIL, AND PERSONAL SERVICE USES..
Lot Frontage: 200 FEET
Lot Depth: 200 FEET
Water Service: Well
Sewer Type: Septic
Easements: Other
Easements Description: DRAINAGE DITCH.
Land Ownership: OWNED
Legal Description: PB 12/55, TR D,HUNTER HILLS HUNTER HILLS SEC II

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,138 12,038
Median Age: 37.86 38.2
Households: 1,548 4,405
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.