Listed by Cape Fear Commercial
$3,265,000
420 Raleigh Street
Details
APN R06500-002-046-000
Property Type Office, Industrial
Sub Type Executive Office, Warehouse
Square Footage 13,500
Units 7
Occupancy 100%
Tenancy Multi
Lease Type Modified
Class B
Year Built 1999
Buildings 1
Stories 1
Acreage 2.960
Zoning IND—Industrial (City of Wilmington)
Office | 13,500 SqFt
Marketing description
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. Please inquire to listing agent regarding specific lease terms.
Listing Contacts
Listed by Cape Fear Commercial
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