Wrightsville Beach Coridor Free Standing Building

Retail-Commercial for Sale
Catylist Listing ID: 30433206
Property Subtypes: Car Wash, Convenience Store, Free-Standing Building, Garden Center, Mixed Use, Post Office, Restaurant, Retail-Pad, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 2,458 SF
Gross Land Area: 12,628 SF
Sale Price: $725,000
Unit Price: $294.96 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Antonio's Formerly Martino's
Usable Size (USF): 2,458 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/25/2019

Overview / Comments

Excellent location for a restaurant. Fully up fitted as a pizza place with plenty of inside seating, two hoods and a great layout. The restaurant equipment must be purchased for an additional $125,000 making this a turn key operation. The location is a business owners dream. It is ideal for catering to higher income locals located on Wrightsville Beach, Landfall, waterfront Wilmington Homes & tourists visiting the beach. While it is now set up as a restaurant this property can be used for almost any type of business that could benefit from this top notch location. New housing and retail development being built across the street will likely bring foot traffic to this area in the future in addition to all of the current nearby consumers. This is your opportunity to own your own business location rather than renting and capitalize on the growth that Wilmington and the entire area is going through. This site even allows for outside seating.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington & Wrightsville Beach
Tax ID/APN: R05713-006-005-000
Zoning: C-5
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Eastwood Road & Military Cutoff Just before Wrightsville Beach Bridge
Property Visibility: Excellent
Largest Nearby Street: Eastwood Rd
Feet of Frontage: 100
Highway Access: Eastwood Rd (Hwy 74) to Interstate 40
Airports: Wilmington International Airport
Site Description: Stand Alone Building with up to 21 parking spots in Wrightsville Beach Corridor. Excellent location to service Wrightsville Beach locals & Tourists as well as Landfall & other higher income demographics. Most recently used as a restaurant and could be occupied as a turn key business.
Area Description: Wrightsville Beach Area. High income local and tourist location. Close to Landfall, Mayfaire and waterfront properties. New development coming across the street nearby should bring more foot traffic making this property more valuable.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,458 SF
Property Condition: Excellent
Year Built: 1987
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Stand Alone Building ideal for restuarant, Cafe, Ice Cream, Wine shop and a multitude of other uses. Lasrt used a Antonio's Pizza formally Martino's Specialty Italian Food
Total Parking Spaces: 21
Parking Type: Surface
Parking Description: 21 spots currently located surrounding the building. Property allows for longer spots than striped in rear abutting walk in cooler.
Heat Type: Electricity
Heat Source: Central
Interior Description: Fully upfitted for restuarnt use. Two hood systems. Renovated last in 2018. Kitchen equiptment is owned by the previous tenant and sold separately for $100,000 making this a turn key location.
Zoning Description: C-5
Lot Frontage: 100
Lot Depth: 125
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Pica
Legal Description: Lots 46/47 Blk 4 Villa View

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,069 36,327 106,212
Median Age: 43.45 38.03 36.59
Households: 1,381 13,707 44,844
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.