7,841 Sqft Lot
7,841 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Undeveloped
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 100589849
Lot Size 7,841 Sqft
Acres 0.18
Lot Dimensions 50 x 153
Property Sub-Type Undeveloped
Source Hive MLS
Property Description
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.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning CB
Direction From the University of North Carolina Wilmington at 601 College Rd, head toward Atlantis Ct for 0.3 miles. Turn right onto Cedar Ave and continue 0.3 miles, then turn left onto College Rd. Continue a short distance, and 1024 College Rd, Wilmington, NC 28403, will be on your right.
Location Details Mainland
Rooms
Other Rooms None
Exterior
Utilities Available Sewer Available, Water Available
Garage No
Building
Water Public
Others
Tax ID R05519-008-014-000
Special Listing Condition Standard
Schools and Properties Nearby
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