3604 Market St - Hospitality FOR SALE


Wilmington, NC 28403
$7,950,000 USD
786-999-9739
3604 Market St, Wilmington, NC for Sale
$7,950,000 USD
Hospitality - FOR SALE
1/8
null | 7% Cap Rate

3604 Market St
Wilmington, NC 28403


HIGHLIGHTS

  • heavy traffic
  • close to airport , colleges , downtown, the world famous beaches

OVERVIEW

Off-Market Hotel Opportunity – Ideal for Brand Conversion or Collect strong cash flow This is a rare opportunity to acquire a well-positioned hotel with excellent upside potential. Located on high-visibility Market Street in Wilmington NC, the property delivers strong market performance. Whether you’re looking to rebrand under a national flag or pursue a well maintained Property, this asset offers a prime location and solid operational foundation, and one of the fastest growing marlets in the country. Do not visit the property. Proof of funds required to start any conversation.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$358 USD /SF

# OF ROOMS

62

PRICE/ROOM

$128,226 {currency}

CAP RATE

7%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coastal Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

O&I

APN/PARCEL ID

R04913-010-004-001

ASK ABOUT THIS PROPERTY

Matt JosephWest Avenue RealtyMore Info
786-999-9739

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Matt JosephWest Avenue RealtyMore Info
786-999-9739

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