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SOURCE MANAGEMENT INC
January 15, 2026
7037 Market Street
Adjacent Parcel Acquisition & Proposed Rezone to B2 (New Hanover County)
Key Design Points:
• Max Building Footprint (assumes adjacent surplus parcel from Olympus) +/-
15,000 SF
Areas of Concern:
• Special Highway Overlay District. [SHOD]
o Need to understand if the front setback is 50’ or 100’
• Signage within the SHOD will be limited as well.
If we want a clean, by-right path, the most practical B-2 uses here are:
• Retail (small to mid-size stores)
• Restaurants without drive-throughs
• Offices / personal services
• Indoor recreation (gyms, etc.)
For reference only;
“Safe” By-Right Uses in B-2 (no special/conditional permit, assuming site
standards are met).
Note: I’ve omitted irrelevant uses / uses too large for the site – ie hotels, Car
lots or grocery stores.
Retail & Consumer
• General retail shops (clothing, home goods, furniture, hardware, garden
supplies)
• Drug stores & pharmacies
• Appliance, electronics, hobby & specialty shops
Food & Beverage
• Restaurants (dine-in, carry-out)
• Coffee shops, bakeries, cafés (without fuel dispensing or unusual outdoor
components)
Offices & Services
• Professional offices (medical, dental, law, real estate, insurance)
• Banks & financial institutions (walk-in branches)
1908 EASTWOOD ROAD SUITE 324 LUMINA STATION WILMINGTON NC 28403
DAVE.SPETRINO@GMAIL.COM 910.443.0746
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• Personal services (barber/beauty shops, nail salons, dry-cleaning drop-off,
laundromats)
Automotive (limited)
• Auto rental agencies (with indoor office, small lot)
• Auto repair / service shops (enclosed) — subject to site design
“Caution” By-Right Uses in B-2 (technically Permitted [P], but often trigger
extra rules or edge into Special/conditional)
These uses are listed as P in many tables, but come with use-specific standards that can
make them less straightforward:
• Gas stations / fuel sales; often [P] in B-2 but require additional setbacks, canopy
placement, and buffers…
• Drive-through facilities (banks, restaurants) frequently allowed by right, but the
ordinance requires extra site design standards (stacking lanes, screening, access
spacing).
Bottom Line
• I believe purchasing the Olympus land is important to both increasing your buildable
SF from +/- 12,500 SF to +/- 15,000 SF is important (ie, round math, an additional
$60,000/yr gross income)
• Purchasing the land from Olympus also provides significantly better access to/from
the site.
• Limiting our potential uses / users is concerning but understandable if the surplus
acquisition is reasonable. (our offer of $35K is the equivalent of roughly $350K/acre)
• I think the uses we’d need to restrict to get Olympus on board could include;
o Stand-alone convenience store w/ fuel
o Fast food with drive through (?)
§ Or limit drive through to ‘Starbucks, Dunkin Donuts’
o Stand-alone Dollar General / Family Dollar type stores
o Automative Repair (including Express Oil Change / Valvoline type stores)
• I think the uses most likely to be “embraced” by Olympus would be;
o Professional Offices (dentist, insurance agency, financial services)
o Local restaurant, no drive through (think PTs Grill, Beach’s Bagel)
o Retail shops / Local Services (nail/ hair salon, dry cleaning drop off, boutique)
o Medical & Health (chiropractor, wellness focused, personal training)