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4701 Oleander Dr 1,694 SF Retail Condo Unit Offered at $525,000 in Wilmington, NC 28403
Investment Highlights
- Investment Opportunity with Tenant in Place providing immediate income and lease secured through December 2029.
- Prime Oleander Drive Location offering excellent visibility and convenient access to Downtown Wilmington, UNCW, and Wrightsville Beach
Executive Summary
Positioned along one of Wilmington’s busiest commercial thoroughfares, the property benefits from strong visibility, excellent demographics, and convenient access to Downtown Wilmington, Wrightsville Beach, and major retail and employment centers.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.30% |
| Sale Type | Investment |
| Cap Rate | 7.30% |
Description
107 Oleander Drive, Unit I presents an opportunity to acquire a
1,694-square-foot retail condominium in Wilmington’s highly desirable
Midtown commercial corridor. Offered as an investment property, the
condo is leased to an established tenant through December 2029,
providing immediate cash flow and income stability.
1,694-square-foot retail condominium in Wilmington’s highly desirable
Midtown commercial corridor. Offered as an investment property, the
condo is leased to an established tenant through December 2029,
providing immediate cash flow and income stability.
Sale Notes
4107 Oleander Drive, Unit I is ideally situated along Oleander Drive,
one of Wilmington’s most established commercial corridors and
a primary connector between Downtown Wilmington, Midtown
Wilmington, and Wrightsville Beach. The location benefits from
significant daily traffic and serves a dense surrounding population
of residents, professionals, and visitors traveling to the area’s retail,
medical, and recreational destinations.
one of Wilmington’s most established commercial corridors and
a primary connector between Downtown Wilmington, Midtown
Wilmington, and Wrightsville Beach. The location benefits from
significant daily traffic and serves a dense surrounding population
of residents, professionals, and visitors traveling to the area’s retail,
medical, and recreational destinations.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit I | 1,694 SF | Retail | $525,000 ($309.92/SF) | $38,325 |
Unit I
| Unit Size |
| 1,694 SF |
| Condo Use |
| Retail |
| Price |
| $525,000 ($309.92/SF) |
| NOI |
| $38,325 |
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Unit I
| Unit Size | 1,694 SF |
| Condo Use | Retail |
| Price | $525,000 ($309.92/SF) |
| NOI | $38,325 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Description | |
| 107 Oleander Drive, Unit I presents an opportunity to acquire a <br> 1,694-square-foot retail condominium in Wilmington’s highly desirable <br> Midtown commercial corridor. Offered as an investment property, the <br> condo is leased to an established tenant through December 2029, <br> providing immediate cash flow and income stability.</li></ul> | |
| Sale Notes | |
| 4107 Oleander Drive, Unit I is ideally situated along Oleander Drive, <br> one of Wilmington’s most established commercial corridors and <br> a primary connector between Downtown Wilmington, Midtown <br> Wilmington, and Wrightsville Beach. The location benefits from <br> significant daily traffic and serves a dense surrounding population <br> of residents, professionals, and visitors traveling to the area’s retail, <br> medical, and recreational destinations.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 2,535 SF | Typical Floor Size | 2,535 SF |
| Property Type | Retail (Condo) | Year Built | 1965 |
| Property Subtype | Freestanding | Lot Size | 0.22 AC |
| Building Class | C | Parking Ratio | 3.94/1,000 SF |
| Floors | 1 | ||
| Zoning | RB | ||
| Total Building Size | 2,535 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Freestanding |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 2,535 SF |
| Year Built | 1965 |
| Lot Size | 0.22 AC |
| Parking Ratio | 3.94/1,000 SF |
| Zoning | RB |
Amenities
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
