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4107 Oleander Dr - Unit I 1,694 SF Office/Retail Condo Unit Offered at $525,000 in Wilmington, NC 28403
Investment Highlights
- Well-located retail condo backed by an existing tenant and a proven Midtown Wilmington location.
- High traffic area
- The condo is leased to an established tenant through December 2029, providing immediate cash flow and income stability.
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
1,694 SF Retail Condominium strategically located in Wilmington’s highly desirable Midtown commercial corridor.
» 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, Wrightsville Beach, and major thoroughfares.
» Strong Surrounding Demographics with a dense mix of residential neighborhoods, retail centers, medical offices, and professional businesses driving consistent consumer traffic.
» Professionally Maintained Commercial Asset ideal for investors seeking stable cash flow and long-term appreciation potential.
» Low-Maintenance Condo Ownership allowing investors to acquire a commercial asset without the responsibilities of a standalone building.
» Excellent 1031 Exchange or Portfolio Addition with predictable income, a strategic location, and positioning within one of Wilmington’s strongest retail submarkets.
» 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, Wrightsville Beach, and major thoroughfares.
» Strong Surrounding Demographics with a dense mix of residential neighborhoods, retail centers, medical offices, and professional businesses driving consistent consumer traffic.
» Professionally Maintained Commercial Asset ideal for investors seeking stable cash flow and long-term appreciation potential.
» Low-Maintenance Condo Ownership allowing investors to acquire a commercial asset without the responsibilities of a standalone building.
» Excellent 1031 Exchange or Portfolio Addition with predictable income, a strategic location, and positioning within one of Wilmington’s strongest retail submarkets.
Sale Notes
4107 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.
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.
For investors, this offering provides the advantage of predictable rental income with a secured lease term through December 2029, minimizing near-term leasing risk while allowing for long-term appreciation in one of coastal North Carolina’s strongest commercial markets.
Whether you’re completing a 1031 exchange, expanding your commercial portfolio, or seeking a stable income-producing asset, 4107 Oleander Drive, Unit I offers the opportunity to acquire a well-located retail condo backed by an existing tenant and a proven Midtown Wilmington location.
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.
For investors, this offering provides the advantage of predictable rental income with a secured lease term through December 2029, minimizing near-term leasing risk while allowing for long-term appreciation in one of coastal North Carolina’s strongest commercial markets.
Whether you’re completing a 1031 exchange, expanding your commercial portfolio, or seeking a stable income-producing asset, 4107 Oleander Drive, Unit I offers the opportunity to acquire a well-located retail condo backed by an existing tenant and a proven Midtown Wilmington location.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit I | 1,694 SF | Office/Retail | $525,000 ($309.92/SF) | $38,316 |
Unit I
| Unit Size |
| 1,694 SF |
| Condo Use |
| Office/Retail |
| Price |
| $525,000 ($309.92/SF) |
| NOI |
| $38,316 |
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Unit I
| Unit Size | 1,694 SF |
| Condo Use | Office/Retail |
| Price | $525,000 ($309.92/SF) |
| NOI | $38,316 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| Description | |
| 1,694 SF Retail Condominium strategically located in Wilmington’s highly desirable Midtown commercial corridor.<br> <br> » Investment Opportunity with Tenant in Place, providing immediate income and lease secured through December 2029.<br> <br> » Prime Oleander Drive Location offering excellent visibility and convenient access to Downtown Wilmington, UNCW, Wrightsville Beach, and major thoroughfares.<br> <br> » Strong Surrounding Demographics with a dense mix of residential neighborhoods, retail centers, medical offices, and professional businesses driving consistent consumer traffic.<br> <br> » Professionally Maintained Commercial Asset ideal for investors seeking stable cash flow and long-term appreciation potential.<br> <br> » Low-Maintenance Condo Ownership allowing investors to acquire a commercial asset without the responsibilities of a standalone building.<br> <br> » Excellent 1031 Exchange or Portfolio Addition with predictable income, a strategic location, and positioning within one of Wilmington’s strongest retail submarkets.</li></ul> | |
| Sale Notes | |
| 4107 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.<br> <br> 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.<br> <br> For investors, this offering provides the advantage of predictable rental income with a secured lease term through December 2029, minimizing near-term leasing risk while allowing for long-term appreciation in one of coastal North Carolina’s strongest commercial markets.<br> <br> Whether you’re completing a 1031 exchange, expanding your commercial portfolio, or seeking a stable income-producing asset, 4107 Oleander Drive, Unit I offers the opportunity to acquire a well-located retail condo backed by an existing tenant and a proven Midtown Wilmington location.</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 | 24,633 SF | Typical Floor Size | 24,633 SF |
| Property Type | Retail (Condo) | Year Built | 2000 |
| Building Class | B | Lot Size | 2.98 AC |
| Floors | 1 | Parking Ratio | 3.78/1,000 SF |
| Zoning | CB - Community Business | ||
| Total Building Size | 24,633 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 24,633 SF |
| Year Built | 2000 |
| Lot Size | 2.98 AC |
| Parking Ratio | 3.78/1,000 SF |
| Zoning | CB - Community Business |
Amenities
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Major Tenant Information Click Here to Access
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Pie's On Pizzeria |
-
|
Jan 0000
|
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
