Print
Real Estate - Commercial

Real Estate Investor To Build Tunnel Car Wash In Leland

By Cece Nunn, posted Dec 18, 2015
A real estate investor plans to build a car wash on land he bought in Waterford of the Carolinas’ commercial area.

Scott Baker of Carolina Shores Properties LLC said Thursday that construction for the 5,000-square-foot express exterior tunnel car wash is expected to begin in the next few weeks.

His company purchased the 2.05 acres at 2040 Old Regent Way in front of the Harris Teeter for $850,000 in November from Exum Holdings LLC. Bert Exum is the developer of Waterford of the Carolinas, a 575-acre master planned development.

Baker said he chose that location because it’s a high-traffic zone.

“The area seemed to be underserved in this market and it just seemed to make sense for what we’re trying to do, for our vision,” Baker said.

Although he has never owned a car wash before, Baker’s family operates a car dealership in Christiansburg, Virginia. He had lived in the Wilmington area when he was younger.

“I started a real estate holding company in Wilmington about two years ago, and so my real estate holding company is what brought me back to the area,” Baker said. “I actually live in Waterford as well . . .  I saw some things that were not in the town that would be quite helpful to people in the town, so a car wash was one of the first things we jumped on.”

His company has also renovated homes in Wilmington and converted them into rental properties, Baker said.

In addition to the tunnel, the Leland car wash will include a 35-foot tower for offices and more than 20 vacuums, the use of which is included in the price of a car wash, he said.

Baker said he plans to hire about six to eight employees, a number that could grow, and have the car wash open by May of next year.

Don Harley, a broker with Coldwell Banker Commercial Sun Coast Partners, represented Exum Holdings LLC and Baker in the sale of the land.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Chris coudriet

Your Tax Dollars are Being Spent Wisely

Chris Coudriet - New Hanover County Government
Carolinemontgomery4

Business Budgeting

Caroline Montgomery - Adam Shay CPA, PLLC
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Entrepreneurs Tap into Generous Advice

Diane Durance - UNCW Center for Innovation and Entrepreneurship

Trending News

Luxury Home Sales Reach Record Height In May

Cece Nunn - Jun 17, 2019

In The Current Issue

Aging Office Spaces Get Modern Makeovers

Some investors have turned to older office buildings, renovating them to make them Class-A office spaces that are updated to attract a new r...


Firms Navigate Latest Tax Law Changes

During tax season this year, media reports indicated that the many changes in the Tax Cuts and Jobs Act of 2018 were producing confusion amo...


Making The Case For A Real-life Travel Agent

With the internet and automation changing the landscape of many jobs, it is no surprise that online travel planning services would force the...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`
Transporting the Future - Power Breakfast 3.12.2019
Health Care Heroes 2018