805 N. 23rd Street

Industrial for Sale
Catylist Listing ID: 30426209
Property Subtypes: Flex Space, Free-Standing, Industrial-Business Park, Mixed Use, Light Industrial, Truck Terminal, Warehouse/Distribution, Other
Building Size (RSF): 68,000 SF
Gross Land Area: 8.46 Acres
Sale Price: $6,250,000
Unit Price: $91.91 PSF
Property Use Type: Investment
Usable Size (USF): 68,000 SF
Sale Terms: Undisclosed, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 11/10/2020

Overview / Comments

Income-producing investment property for sale in an unparalleled, central Wilmington location. Location provides easy access to Market Street, MLK Jr. Parkway, Interstate 40 and ILM (Wilmington International Airport).

On site is a +/- 68,000 SF building that contains approximately +/- 14,000 SF of office space, and +/- 54,000 SF of warehouse distribution space.

The two-story office area holds numerous private offices, conference rooms, break rooms, open cubicle areas, and five restrooms. Approximately 90% of the warehouse space is fully climate controlled, to include a +/- 2,400 SF refrigerated area. The main warehouse building is equipped with seven (7) dock high doors and four (4) drive in doors. Ceiling heights vary from 24’ to 30’ in various sections of the building.

The building sits on a large 8.46 acre lot, which can accommodate potential building expansion, additional parking, or laydown/storage yard.

The property is Zoned AI (Airport Industrial) by the City of Wilmington NC. Water & sewer is provided by CFPUA. An inactive rail spur could potentially be re-established.

The building is currently occupied on a long-term lease. Please inquire with Listing Broker for further details.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04811-001-027-000; R04811-001-030-001
Zoning: AI AIRPORT INDUSTRIAL

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,850 52,869 119,241
Median Age: 34.32 33.89 35.82
Households: 2,848 24,794 51,390
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