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Three Unit Strip Center for Sale on Market Street. The property is cash flowing and tenancy ranges from one year to five years for the anchor.
For more information call and request a NDA to receive the offering Memorandum.
This Offering combines the Budgetel and Motel 6 Properties located on Market Street (Highway 17) in Wilmington North Carolina.
Each hotel is two stories and is comprised of 110 rooms and a managers suite.
The Budgetel provides the property with a 3500 sf restaurant space (Hood system, grease trap, bar, dj booth, large walk in refrigeration area 12*14, office space, dish washer and sinks), conference space (roughly X) pool, guest laundry.
The Motel 6 was recently renovated and flagged. It is two stories and contains a guest laundry and has access to the properties amenities as well.
In 2018 the property had damage from Hurricane Florence, the owners replaced the Roofs at that time as well as the Laundry equipment. In addition the parking lots were repaired, all locks were replaced to have new RFID, Rooms were updated, Bathrooms were updated. 50 of the rooms had kitchenettes added. all rooms had 224 new tall refrigerators and microwaves added to them.
Lobbies at both hotels were updated as part of the renovation as well as the pool which was re-plastered in 2019 and a new filtration system added in 2020. New Phone systems were added for both the Budgetel and Motel 6 with their own dedicated lines.
All furniture and equipment will convey with the sale.
The property is situated on 7.66 acres and borders two other hotels, one under renovation, a multifamily condo complex to the rear and a small office out front. It has two access points on to highway 17 as well as two prominent pylon signs. The property is grandfathered in for Stormwater requirements so any new construction would trigger a revision of the Stormwater management. The property has a rear area of approximately 2.44 acres of undeveloped land which borders the Holton Place Condominium Complex.
The hotels are under a consent agreement. Please ask for a copy of the consent agreement for its review.
We have in hand the Financials for the Hotel from 2018-2020
We also have the Engineering plans for the conversion of 110 rooms to the Motel 6.
We have the construction budget and paid invoices for the renovations and conversion on the property.
We have average room rentals trailing three years for the Budgetel Inn which show a drop in 2020 due to the Motel 6 rebrand.
CA Required for those documents.
1415 Dawson Street is a multi tenant facility. Redevelopment potential exists or purchase it and enjoy an income stream. The facility is located at the corner of 15th Street and Dawson Streets. The 10,734 sf facility is home to Morning Glory Coffee House, the Superette Market and a vacant work/production area that could be turned into a shared work space.
The property is .36 acres. The building has a new roof circa 2018/2019 after Hurricane Florence damaged the old roof.
Seller also owns a house that has a lot in-between it and this property. Seller is willing to add the house into the sale. Please contact for further information on that opportunity as it is not currently listed.
The properties location makes it a excellent redevelopment opportunity with the UMX zoning. Please see the City of Wilmington zoning ordinance for allowable uses in UMX zoning.
The property has 95 +/- feet of frontage on Dawson Street and 138 +/- feet on 15th street. A survey can provide the remaining boundary footage. It has two curb cuts on Dawson to off street parking and one curb cut currently on 15th street.
30,234 cars pass this property each day on Dawson Street. Dawson Street is the landing spot of the Cape Fear Memorial Bridge and Highway 74/76. Dawson Street turns into Oleander Drive two blocks north of this property.
Nearby Retailers include: Walgreens, Food Lion, Family Dollar, Dollar General, Dairy Queen and multiple other national, regional and local retailers.
It needs to be surveyed as there is a potential encroachment onto a neighbors parcel where the outside patio for the Coffee House is.
We are proud to present 1930 Carolina Beach Road, a 4 bay strip center located at the corner of Carolina Beach Road (Hwy 421) and Tennessee Ave. Located in side the City of Wilmington in the downtown southside area, this property is near Greenfield Lake Park and Greenfield Lake Amphitheater. It is near Legion Stadium and the Port of Wilmington.
The Department of Transportation plans to put a signal at the Intersection of Tennessee Ave and Carolina Beach Road.
The properties entrance is located off of Tennessee Ave.
Currently 100% occupied.
Please call for Pricing Guidance and or further Marketing Package.
Trolley Run is a 3.24+/- Acre lot assemblage approved for 24 townhomes
Just south of Bradley Creek off of Oleander Drive with traffic counts of 48,000+ cars per day
Currently zoned Multi-Family Low Density (Conditional District)
Access granted via Giles Avenue and Bagley Avenue
Approved plan included in attachments
This property is strategically located at the Corner of Independence Blvd and Carolina Beach Road (Highway 421). This property is adjacent to the senior center (in rear) and next to the New Circle K.
The property sits across from the Food Lion Center (North West Corner).
Across the street is a proposed development for Harris Teeter (South East Corner) and to the North is the new Pointe at Barclay and Mixed Use Center.
Access Points from Independence Blvd and Carolina Beach Road are available and already in place.
Stormwater Pond in place has capacity. Water retention for up to 38,000SF +/- impervious surface area is already included in the price.
Utilities have capacity however for your exact intended use, it is recommend to check with the utilities provider to ensure capacity is present for your use.
This is a highly visible property has 339 feet of frontage on Carolina Beach Road and sits just off the corner with traffic light.