POINT HARBOR 1551 POINT HARBOR RD. | WILMINGTON, NC | NEW HANOVER COUNTY DEVELOPMENT OFFERING
BANK BB&T OF AMERICA WP #12 CITY BLOCK CAPE FEAR THE HILTON APARTMENTS CFCC COMMUNITY HUMANITIES COLLEGE (CFCC) AND FINE ARTS COASTLINE EVENT & CONFERENCE CENTER WILMINGTON CONVENTION CENTER PPD EMBASSY SUITES
PIER 33 APARTMENTS, NORTH MARINA AND WATERFRONT PARK AMPHITHEATER (COMING SOON)
1051 Military Cutoff Road | Suite 200 | Wilmington, NC 28405 p. 910.344.1000 | f. 910.344.1020 | capefearcommercial.com CONTACTS
Brian Eckel, SIOR PARTNER
910.344.1001 DIRECT 910.520.8780 MOBILE [email protected]
Bryce Morrison SENIOR VICE PRESIDENT
910.344.1011 DIRECT 910.367.3322 MOBILE [email protected]
Paul Loukas, CCIM SENIOR VICE PRESIDENT
910.344.1008 DIRECT 910.540.5045 MOBILE [email protected] DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Cape Fear Commercial and should not be made available to any other person or entity without the written consent of Ca pe Fear Commercial. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish o nly a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Cap e Fear Commercial has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contami nating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the fi nancial condition or the business prospects of any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Cape Fear Commercial has not verified, and will not verify, any of the information contained herein, nor has Cape Fear Commercial conducted any investigation regarding these matters and makes no warranty or representation whatsoev er regarding the accuracy or completeness of the Information provided. All potential buyers must take appropriate measures to verify all of th e information set forth herein. SUMMARY Located on the Cape Fear River in Wilmington, NC, the Subject consists of over 29 acres that contains over 1,200 feet of waterfront. The site benefits from tremendous views of downtown Wilmington along with exceptional accessibility and visibility from the Isabella Holmes Bridge and US Hwy 421.
Of note, there has been over $300 million invested in new development in Downtown Wilmington since 2014, to include several new hotels, apartment complexes and other commercial projects. In addition, the City of Wilmington is planning for North Waterfront Park, which will be located directly across the river from the Subject and is expected to open Fall 2019.
ADDRESS: 1551 Point Harbor Road Wilmington, North Carolina | New Hanover County
PARCEL ID: R04700-003-001-000; R04700-004-004-000
ACREAGE: +/- 29.38 Acres
ZONING: RF-MU (New Hanover County), which is a mixed-use designation that permits a variety of commercial, retail, and high-density residential / multifamily. A portion is also zoned I-1 and I-2., as further outlined on page 9.
WETLANDS: See Page 6
UTILITIES: See Page 8
FLOOD ZONE: AE-9
IMPROVEMENTS: Multiple buildings, totaling over 15k SF of warehouse and office.
In addition, there are two piers located on the property that are over 440’ linear feet combined,
CAMA PERMIT: There is an approved CAMA Major permit to construct twenty-one wet boatslips (25’-30’ in length each) as well as a 200 slip enclosed drystack storage building.
See Page 7 LEASES: There are several short-term leases on the Property.
TRAFFIC COUNTS: 34,214 VPD (September 2017) on Isabel S. Holmes Bridge *Wilmington Urban Area Metropolitan Planning Organization (WMPO)
PRICE: $9,435,000
SELLER: Old Wilmington Shipyard, LLC and Holmesbridge, LLC Cape Fear Marina, LLC 1551 POINT HARBOR RD. 5 WILMINGTON, NC
GIS AERIAL
1551 POINT HARBOR RD. 6 WILMINGTON, NC
SURVEY & FORMER WETLANDS
1551 POINT HARBOR RD. 7 WILMINGTON, NC
CAMA PERMIT
1551 POINT HARBOR RD. 8 WILMINGTON, NC
EXISTING & PROPOSED WATER & SEWER
1551 POINT HARBOR RD. 9 WILMINGTON, NC
ZONING MAP
1551 POINT HARBOR RD. 10 WILMINGTON, NC
AERIAL VIEW
SAWMILL POINT APARTMENTS
PPD PIER 33 APARTMENTS, MARINA AND AMPHITHEATER CITY BLOCK APARTMENTS EMBASSY SUITES CFCC HUMANITIES WILMINGTON AND FINE ARTS CONVENTION CENTER MULTI MODAL CENTER
COASTLINE EVENT & CAPE FEAR CAPE FEAR CONFERENCE CENTER COMMUNITY COMMUNITY COLLEGE COLLEGE BANK OF AMERCIA
HAMPTON THE HILTON INN
RIVER PLACE PUBLIC CITY OF (COMING SOON)
LIBRARY WILMINGTON
RIVERVIEW SUITES THALIAN BB&T HALL
1551 POINT HARBOR RD. 11 WILMINGTON, NC AERIAL VIEW
KEY
1 SAWMILL POINT APARTMENTS Units: 278 | Occupancy: 71% |Avg. Rent: $1,461 *
https://www.bellapartmentliving.com/nc/wilmington/ sawmill-point/index.aspx
2 ISABEL HOLMES BRIDGE 34,214 VPD (Sept’17)
Wilmington Urban Area Metropolitan Planning Organization
15 http://wilmingtonnc.maps.arcgis.com/apps/webappviewer/ index.html?id=3ee6ca1a009f42dcacba38834593dcf2 8 3 UPPER DEAN 5.29 Acres | Proposed Multifamily 6 Under Contract 7 4 NORTH WATERFRONT PARK 6.6-Acre City Park | Exp. Completion: Fall 2019 *
https://www.wilmingtonnc.gov/departments/ 3 city-manager/north-waterfront-park
4 5 CITY BLOCK APARTMENTS 1 Units: 104 | Occupancy: 93% |Avg. Rent: $1,170 * https://www.cityblockapts.com/
6 PPD Global Contract Research Organization 2 Employees: 1,200 (Local) | 20,000 (World Wide)
https://www.ppdi.com/
7 PIER 33 APARTMENTS Units: 300 + 30K SF Retail | Exp. Completion: 2019
http://www.pier33apartments.com/
8 WILMINGTON CONVENTION CENTER 107,000 SF Convention Ctr. | 578 Parking Spaces
https://www.businessmadecasual.com/
*Per Market Survey, March 2018 1551 POINT HARBOR RD. 12 WILMINGTON, NC
PROPERTY PHOTOS
1551 POINT HARBOR RD. 13 WILMINGTON, NC
EXISTING IMPROVEMENTS
1551 POINT HARBOR RD. 14 WILMINGTON, NC
LOCATION MAP
Cape Fear Commercial is a boutique commercial real estate firm based in Wilmington, North Carolina. We specialize in providing targeted brokerage, property & facilities management, and development services.
For over 15 years, our team of elite professionals has helped owners, users, developers and investors successfully navigate the real estate market. We are consistently recognized as an industry leader for the unique perspective we bring to every project.
1051 MILITARY CUTOFF ROAD | STE. 200 | WILMINGTON, NC 28405 p. 910.344.1000 | f. 910.344.1020 www.capefearcommercial.com