4107 Oleander Dr - Retail CONDO FOR SALE


Wilmington, NC 28403
$525,000 USD
910-945-9755
4107 Oleander Dr, Wilmington, NC for Sale
$525,000 USD
Retail CONDO - FOR SALE
1/11
null | 7.3% Cap Rate

4107 Oleander Dr
Wilmington, NC 28403


HIGHLIGHTS

  • Well-located retail condo backed by an existing tenant and a proven Midtown Wilmington location.
  • The condo is leased to an established tenant through December 2029, providing immediate cash flow and income stability.
  • High traffic area

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

7.3%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unit I

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

24,633 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

CB

APN/PARCEL ID

R05518-026-015-007,R05518-026-015-008,R05518-026-015-009

ASK ABOUT THIS PROPERTY

Luke MelloLee & AssociatesMore Info
910-945-9755

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Luke MelloLee & AssociatesMore Info
910-945-9755

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