Raleigh Street Business Center
13,500 SF | 100% Leased | Flex Building | Wilmington, NC 28412 | $3,265,000 ($242/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,265,000
- Property Type
-
Industrial
- Price / Square Foot
- $242
Listing Contacts
Will Leonard
Verified Profile
- Property Info
Property Overview
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 Details
- Class
- C
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Flex
- Lot Size (sq. ft)
- 128,938 SF
Highlights
- Located off Carolina Beach Road
- In close proximity to the Port of Wilmington.
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