2901 N. Kerr Avenue

$975,000

Wilmington NC

Details

  • $975,000
  • For Sale , Commercial Building

This newly renovated 10,000 square foot office/warehouse is fully leased to national and local tenants. Entire interior upfit was brand new in 2017, including offices, plumbing, electric,
fixtures and HVAC. The building and fenced in yard sit on ~1.4 acres. An additional 1.6 acres in the rear presents an industrial site for future development.

THE BUILDING

  • 10,000 Square Feet
  • 20’ Average Ceiling Height
  • Both Suites Were Built From Scratch
  • In 2017, Including Offices, Electric, Plumbing, Floors, Ceilings And HVAC
  • Roof Replaced In 2009
  • Siding Replaced In 2013

THE LOT

  • 2.99 Acres Total
    ~ 1.4 Acres With Fenced Yard
    ~ 1.6 Additional Acres In The
    Rear For Future Development
  • 200’+ Frontage On N. Kerr Avenue
  • Airport Industrial (AI) Zoning
  • Municipal Water & Septic
  • Environmental Indemnity Agreement In Place
  • Deed Book 6088, Page 2838
  • Tax ID: R03400-008-030-000

THE LEASES
#100

  • 1,550 Square Feet Leased to Elite Construction and Grading
  • Expires 10/4/2019 With 2-One Year Renewal Options

#200

  • 8,450 Square Feet Leased to DS Services Of America (Bottled Water Distribution)
  • Expires 8/31/2022 With 2-Three Year Renewal Options
  • Gross Scheduled Income: $79,212

THE OFFERING
$975,000

2901 N. Kerr Avenue

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Agent(s) for this listing

Laurence Nadeau

Laurence Nadeau
Office: 910-270-5100
Mobile: 910-515-3622
Fax: 910-270-5110
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