Want us to give you a call?

Simply enter your name and number below and we'll be in touch.

    Category Archives: Market Knowledge

    • -

    Ogden: Rezoning For Potential Bank

    Category : Market Knowledge

    Dallas Harris Land Company, LLC are planning to rezone their lot at 7491 Market St Wilmington, NC 28411 to add a 2,400 square foot bank. The bank will have accesses from Torchwood Boulevard and Market Street and will provide drive thru windows for fast service.  There are still some rising concerns from local citizens. Read the article below for the citizen’s concerns and a statement from a member of the Our Ogden, a group that advocates for smart growth in the community. 0567_220328090753_001


    • -

    Category : Market Knowledge

    What does an increase in regulatory costs mean for Commercial Real Estate? Read More Here! -> https://www.nahb.org/news-and-economics/industry-news/press-releases/2021/05/regulatory-costs-add-a-whopping-93870-to-new-home-prices#:~:text=Regulations%20imposed%20by%20all%20levels,of%20Home%20Builders%20(NAHB)
    #commercialrealestate #commercialproperty #northcarolina #wilmingtonnc #lelandnc


    • -

    Did you know that Amazon has chosen to build a 142,000 square foot distribution center at Pender Commerce Park? Read more about this amazing headliner news here–>
    https://www.wilmingtonbiz.com/real_estate_-_commercial/2022/03/17/amazon_to_build_distribution_center_in_pender_create_100_jobs/22982?utm_source=MadMimi&utm_medium=email&utm_content=BREAKING+NEWS%3A+Amazon+to+build+distribution+center+in+Pender%2C+create+100+jobs&utm_campaign=20220317_m167027777_BREAKING+NEWS%3A+Amazon+to+build+distribution+center+in+Pender%2C+create+100+jobs&utm_term=Click+for+more
    #commercialrealestate #northcarolina #wilmingtonnc
    #commercialproperty


    • -

    Did you know? Construction on U.S. 17 has started!! Read more HERE –> https://portcitydaily.com/…/429m-hampstead-bypass…/…
    #commercialrealestate #commercialproperty #wilmingtonnc #lelandnc #northcarolina


    • -

    Ready to move or start a salon? ECCRE has a well established LA Hair Salon in the Leland area with three stylist renting booth space and booth space for additional stylist!
    This salon is located in the Food Lion anchored strip center off Mt. Misery Road. Surrounded by residential homes with over three miles to the nearest competitor.
    Further development is planned to begin construction on the lot behind the strip center. Contact Kelly Silivanch for a showing opportunity 910-399-4602!
    www.eccrenc.com
    #wilmingtonnc #commercialproperty #commercialrealestate #lelandnc #businessforsale #salonforsale #wilmingtonrealestate #wilmingtoncommercialrealestate #forsale #cre #wilmingtonCRE


    • -

    Broker Spotlight!! John Hinnant is our company VP and Broker. He has been involved with economic development and commercial real estate since 2007. John specializes in site selection for businesses, urban infill development, zoning/land use changes and investment properties. To learn more about John, Click Here —–> https://eccrenc.com/our-team/
    Call us today for your commercial real estate tenant/seller needs! 910-399-4602.
    #wilmingtonnc #commercialrealestate #commercialproperty #northcarolina

     


    • -

    DID YOU KNOW that when your lease increases, these escalations are commonly linked to the Consumer Price Index? Call or visit our website for any commercial real estate questions you have and talk with one of our brokers!
    910.399.4602
    www.eccrenc.com
    #commercialproperty #commercialrealestate #wilmingtonnc #northcarolina


    • -

    FRIDAY FUN FACTS! Learn a little more about NNN’s and what that means for tenants! For more insights into commercial real estate and what we can do for you go to —> www.eccrenc.com

    • -

    • -

    Rezoning of the Budgetel and Motel 6

    “Real Estate Solutions delivered in Real Time”

    Eastern Carolinas Commercial Real Estate Inc is excited to announce that the Property located at 4903 Market Street, where currently the Budgetel and Motel 6 are located was approved to transition from hospitality zoning to Multifamily High Density. This will turn the two flagged property into 234 efficiency unit rentals in the middle of market street. The developer also agreed to lock 10% or 23 rooms in as designated affordable housing.

    From John Hinnant, Vice President “On behalf of our clients, the Badhiwalas, we are very excited to cross this important threshold in the sale of their property. Conversions of hotels like this are very popular around the country and we believe this, along with other deals we have and are brokering will help to improve and beautify the Market Street corridor. Since the improvements to the intersection at Market and Kerr, the properGes along that corridor have become more appealing to investors and developers. With the amount of land available for development in New Hanover County dwindling, it is only reasonable to believe that repurposing existing properties will be a key part of the future of our community.”

    From Nicholas Silivanch, Partner “This rezoning and adaptive reuse of what the city deemed to be a blighted area in our community will help change the Market Street Corridor in the short term and in the long term. The property will bring new rental units for the students who are graduating, the single upwardly mobile young professionals, those who are relocating and the need for affordable rentals together. By adaptively revising the existing structures the project will actually add tress and not further complicate existing stormwater issues. The adaptive reuse of the facility, will allow the Vivo to bring a much needed product to our market. The success of the Vivo concept around the naGon and in other marketing in North Carolina, in providing affordable rental units with class A ameniGes has been tremendous. The only issue that we face now in the City is that they did away with the zoning classification we just received, of high density which allows for the property to be re-used as it sits today.

    With smaller parcels and pricing adaptive reuse of properGes like these will become more and more the norm, not the pariah in the the years to come.”

    For more information please contact the Hospitality team for the property, Nicholas Silivanch or John Hinnant at (910) 399 4602.

    Click here for more information!