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420 Raleigh St
Wilmington, NC 28412
Raleigh Street Business Center · Flex Property For Sale
INVESTMENT HIGHLIGHTS
- Located off Carolina Beach Road.
- 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 the warehouse areas are climate controlled.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Flex | Year Built | 1999 |
| Building Class | C | Parking Ratio | 3.7/1,000 SF |
| Lot Size | 2.96 AC | No. Drive In / Grade-Level Doors | 7 |
| Rentable Building Area | 13,500 SF | ||
| Zoning | IND - Industrial | ||
| 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 |
| Zoning | IND - Industrial |
PROPERTY TAXES
| Parcel Number | R06500-002-046-000 | Improvements Assessment | $1,502,603 CAD |
| Land Assessment | $560,374 CAD | Total Assessment | $2,062,976 CAD |
PROPERTY TAXES
Parcel Number
R06500-002-046-000
Land Assessment
$560,374 CAD
Improvements Assessment
$1,502,603 CAD
Total Assessment
$2,062,976 CAD
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