Date
Details
Price
Change
Source
12/10/2025
Listed
$240,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
No photo available
$240,000
Property Description
Tired of paying rent? Here's your opportunity to own your space. This **vacant end-unit commercial property** is ready for you to customize to fit your business needs. The current layout features a bright showroom/lobby with side windows for additional natural light, a separate reception or checkout area, **five individual offices**, **two restrooms** (one with a shower), and a **breakroom equipped with cabinets and a refrigerator**. The flexible floor plan offers numerous possibilities--you can occupy one office and lease the others, maintain a shared reception area, or redesign the layout entirely to support your operations. One of the greatest advantages of this property--beyond the value--is its **prime location**. Situated near Market Street and the airport, you'll be surrounded by a variety of established businesses. This end unit is part of a four-unit complex with three other active businesses. A versatile space in a highly convenient setting--ready for you to make it your own.
Full Property Details
Full Property Details for 118 S Kerr Ave #F
General
- Price: $240,000
- HOA FEE: $175/month
- HOA FEE FREQ.: Annually
- Taxes: $1,200 (2025)
- Status: Active
- Type: Commercial Service
- Source: 2253
- MLS ID: 100544829
- Updated: 5/13/2026
- Added to Site: 155 day(s) ago
Business
- Business Type: Professional/Office, Mixed, Retail, Commercial, Profes
Interior
- Flooring: Carpet, Vinyl
Additional Information
- Shared Amenities: Roof Maintenance, Maintenance Common Areas, Management, Master Insure
Parking
- Parking Features: Parking Lot, Lighted, On Site
Location
- County: New Hanover
- Subdivision: South Kerr Business Center
- Driving Directions: From College Road take Market toward downtown-left on S Kerr Ave. past Cinema Drive-South Kerr Business Center is on the right turn in then immediate left into the Center 118F is on the far end of this building with S Kerr Road Frontage
Community
- Association: Yes
- Assoc. Name: South Kerr Business Center
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Heat Pump
- Heating Type: Heat Pump, Electric, Forced Air
Utilities
- Sewer: Municipal Sewer, Cape Fear Public Utility Authority
- Water: Public
- Utility Description: Electricity Connected, Phone Available
Structural Information
- Square Feet: 1,008.6
- Current Bldg. Use: Vacant
- Year Built: 2000
Lot Features
- Lot Dimensions: one unit of business center
- Frontage: City Street, State Road, 4+ Lanes
- Zoning: CS
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $237.95
- For Sale/Rent/Lease: Sale
- Association Fee: $2,095
- Assoc Fee Freq.: Annually
- Assessment Amount: $204,000
- Tax Amount: $1,200.54
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Unit118F Ph2 Sec Aa South Kerr Business Center
- Property ID: R04918-001-009-023
- Block: 298
Listed by Intracoastal Realty Corp, Gail R Bailey
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We Value Your Privacy
Listing agent
— 118 S Kerr Ave #F —
Gail R Bailey
Intracoastal Realty Corp
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 118 S Kerr Ave #F
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Forest Hills Elementary 602 Colonial Drive, Wilmington, NC 28403 | K-5 | 1.5 mi |
Williston Middle 401 South 10th Street, Wilmington, NC 28401 | 6-8 | 2.7 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 S Kerr Ave #F
Tax History
Tax History for 118 S Kerr Ave #F
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,201
-19%
$204,000
20%
2024
$1,485
100%
$170,700
—
2023
-100%
$170,700
—
2022
$1,451
100%
$170,700
131%
2021
-100%
$74,000
—
2017
$780
-20%
$74,000
-16%
2016
$975
25%
$88,000
19%
2019
$780
-16%
$74,000
-16%
2015
$932
5%
$88,000
—
2013
$884
—
$88,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 S Kerr Ave #F
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118 S Kerr Avenue #F, Wilmington, NC 28403 (MLS# 100544829) is a Commercial Service property. 118 S Kerr Avenue #F is currently listed for $240,000 and was received on December 10, 2025. Want to learn more about 118 S Kerr Avenue #F? Do you have questions about finding other Commercial Service real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.