This Retail Property is no longer advertised on LoopNet.com.

502 S 16th St
Wilmington, NC 28401
Retail Property For Sale

Property Facts

Property Type
Retail
Property Subtype
Garden Center
Building Size
3,071 SF
Building Class
C
Year Built
1971
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.77 AC
Zoning
CS - Commercial Service District
Parking
12 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
111’ on 16th St

Amenities

  • Pylon Sign
  • Signage

About 502 S 16TH ST , WILMINGTON, NC 28401

Unique opportunity to invest in a well established Wilmington Business and also own the real estate where it is located. Turnkey Garden Center business with annual sales of over $1.2M. This business has a well established clientele and impressive reputation. The property is located in one of the fastest growing areas in Wilmington. Property consists of .76 acres with a commercial building consisting of 2015 SF. his center is positioned on a highly visible corner in the urban mixed use district. The total package available includes; the real estate, business property, trade name, social web presence, transition training and business consulting. There is room to grow and expand the business or utilize the land in a new capacity and relocate the profitable business. This is a great opportunity for someone in the nursery-gardening business to expand. Also a great investment opportunity to be an owner-occupied business or delegated operational investment. There is great value in the real estate and development potential too.

Property Taxes

Property Taxes

Parcel Number
R05406-036-006-000
Land Assessment
$636,900
Improvements Assessment
$481,500
Total Assessment
$1,118,400
  • Listing ID: 25637596

  • Date on Market: 5/5/2022

  • Last Updated:

  • Address: 502 S 16th St, Wilmington, NC 28401

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