4023 Market St - Restaurant FOR SALE


Wilmington, NC 28403
$799,000 USD
910-616-2123
4023 Market St, Wilmington, NC for Sale
$799,000 USD
Restaurant - FOR SALE
1/17
null | Request Cap Rate

4023 Market St
Wilmington, NC 28403


OVERVIEW

This stand-alone quick serve restaurant building with drive thru is for sale at an excellent value. It is not quite turn key but it is close. The highly visible 1750 square foot building sits on .95 acres on one of the most heavily traveled, and redeveloping corridors in Wilmington, about 3 miles from the heart of downtown. Arched windows and rooftop facade give the building a unique character. Street front orientation grabs customers' attention. The property has driveways on Market Street (primary) and Princess Place Drive for convenient access to a signalized intersection, which is quite valuable during busy traffic times. The kitchen has a hood system in place, and connections for the additional equipment to suit the concept. All existing equipment does convey with the sale, including 2 exterior walk in coolers in a fenced in area just out the back door. A wrap around bar separates the kitchen and service area from dining room. About half of the parcel is undeveloped and could be set up as a nice outdoor dining, or courtyard area. The parking lot contains 29 striped parking spaces including 1 handicap with access aisle. This area is experiencing abundant redevelopment and new construction currently underway.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$457 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,817 SF

ZONING

O&I

APN/PARCEL ID

R04914-008-004-000

ASK ABOUT THIS PROPERTY

Kenneth FisherRE/MAX EssentialMore Info
910-616-2123

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Kenneth FisherRE/MAX EssentialMore Info
910-616-2123

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