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Mema’s Chick’n and Ribs 8232 Market St 7,922 SF Retail Building Wilmington, NC 28411 $4,400,000 ($555.42/SF)
Investment Highlights
- Prime location in a high growth area, over 43,000 cars per day travel this section of Market Street. Zoned B-1
Executive Summary
This beautifully renovated 7900 square foot restaurant facility offers great road front visibility and prime road frontage on Market Street in the robust Porters Neck Area. This restaurant is fully equipped and move in ready. This restaurant in its current layout offers a wide variety and range of restaurant concepts. This property was renovated in 2023 and has a new roof, HVAC and plumbing upgrades, new flooring, drive thru, Grease Trap, Kitchen Hood fire suppression system, and spacious restroom facilities. This property is zoned B-1 and has 61 parking spaces. Marquee sign included. This is an ideal restaurant location, however this prime location lends itself to a host of other options ideally suited for the B-1 Zoning District.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
7,922 SF
Building Class
B
Year Built
1999
Price
$4,400,000
Price Per SF
$555.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.43 AC
Zoning
B-1 - B-1 allows for neighborhood-type commercial uses such as drug stores, restaurants, barber shops
and salons, ect.
Parking
61 Spaces (7.7 Spaces per 1,000 SF Leased)
Frontage
150’ on Market Street
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | R03600-005-042-000 | Improvements Assessment | $1,822,300 |
| Land Assessment | $898,700 | Total Assessment | $2,721,000 |
Property Taxes
Parcel Number
R03600-005-042-000
Land Assessment
$898,700
Improvements Assessment
$1,822,300
Total Assessment
$2,721,000
Contact
-
Jonathan Barfield -
Barfield & Associates Realty
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Mema’s Chick’n and Ribs | 8232 Market St
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