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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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1024 S College Rd , Wilmington, NC 28403
$405,000
Est. Payment: $900.00/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 34
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579503181 - 579511878,579518669
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House Description

Build on one of Wilmington's busiest corridors - with the first round of city review already behind you. This ±0.19-acre (8,084 SF) Community Business (CB) zoned site at 1024 S. College Road has undergone preliminary review by the City of Wilmington Technical Review Committee for a proposed two-story commercial building, giving buyers a meaningful head start on the entitlement path. Municipal water and sewer are available to the parcel. CB zoning supports a wide range of neighborhood-serving retail and professional uses - office, medical, personal services, food and beverage among the possibilities - on a corridor that carries some of the heaviest daily traffic in New Hanover County, minutes from UNCW, midtown retail, and dense surrounding rooftops. Approximately 50 feet of frontage puts your signage directly in the sightline of that traffic. Small-format commercial sites on S. College rarely come available - even more rarely with TRC review underway and assumable-style financing attached. Concept plan and due diligence materials available to qualified buyers on request. Attractive financing in place: per the seller, existing owner financing at 6% interest-only may be transferable to a qualified buyer, subject to lender approval - meaning a buyer could control this site by bringing the difference to closing rather than financing the full price in today's rate environment. Terms and details available to qualified buyers on request. Note that the existing note matures September 1, 2027, so the transferable financing serves as short-term bridge financing, with the balance due at maturity.

Highlights

Listed by Tyler N Broughton , 910-352-7957 and Anderson B Horton , 336-504-0073 Prosper Real Estate , 910-352-7957.

Property Type

Vacant Land

Lot/Acreage
0.18

County

New Hanover

Neighborhood

Not In Subdivision

Listing ID

100589849

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Lot Dimensions:50 x 153
Zoning:CB
Principal Interest
$900
Taxes
$258

Home Price

$405,000

Loan Details

30 yrs
%

Down Payment

20%
$81,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$900.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $900.00 $258.19 $0.00 $1,158.19
Yearly $10,800.00 $3,098.25 $0.00 $13,898.25
Total $324,000.00 $92,947.50 $0.00 $416,947.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.