1930 Carolina Beach Rd - Storefront FOR SALE


Wilmington, NC 28401- Sunset Park
$1,600,000 USD
843-931-9503
1930 Carolina Beach Rd, Wilmington, NC for Sale
$1,600,000 USD
Storefront - FOR SALE
1/5
null | 6.41% Cap Rate

1930 Carolina Beach Rd
Wilmington, NC 28401
Sunset Park


HIGHLIGHTS

  • The property is ideally situated just approximately 2.5 miles south of Downtown Wilmington, providing immediate access to the city’s central business.
  • The property has undergone significant recent capital improvements, including new landscaping and irrigation, a freshly sealed & striped parking lot.
  • The property offers excellent strip center fundamentals, including outstanding visibility along Carolina Beach Road with approximately 35,114 VPD.
  • The property is located within a supply-constrained retail node.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 3,950 SF Summerhill Square located at 1930 Carolina Beach Road in Wilmington, NC. This offering features a recently upgraded asset with significant capital improvements, including enhanced landscaping and irrigation, a freshly sealed and striped parking lot, and upgraded LED-lit pylon signage. Additional improvements include modern security systems, new fencing, and a fully equipped commercial kitchen within the tea room unit. Combined with newly curated tenants and refreshed interior buildouts, the center has been thoughtfully repositioned into an attractive neighborhood retail destination, offering a unique investment opportunity. In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$405 USD /SF

CAP RATE

6.41%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summerhill Square - Wilmington, NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CB-COMMUNITY BUSINESS

APN/PARCEL ID

R06009-005-020-000

ASK ABOUT THIS PROPERTY

Alex ConleySands Investment GroupMore Info
843-931-9503

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Alex ConleySands Investment GroupMore Info
843-931-9503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.