1020 Princess St - Restaurant FOR SALE


Wilmington, NC 28401
$3,875,000 USD
910-427-0000
1020 Princess St, Wilmington, NC for Sale
$3,875,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

1020 Princess St
Wilmington, NC 28401


HIGHLIGHTS

  • 100% Leased Income Producing Property
  • Prime Location in Soda Pop District
  • Wilmington Downtown Commercial District

OVERVIEW

Soda Pop District Presenting an exceptional investment opportunity situated in downtown Wilmington, NC. This property is strategically located at 1020 Princess Street, nestled in the vibrant community of The Soda Pop district, home to renowned establishments such as Hi-Wire Brewing and Cugino Forno Neapolitan Pizza. The Soda Pop District boasts a variety of popular venues including Bowstring Burgers and Brewyard, Ibis Coffee and Cocktails, Bottle Works building, and The Soda Pop Gallery, among others. These attractions draw both locals and visitors, contributing to the area's bustling commercial scene characterized by an eclectic mix of businesses and a vibrant atmosphere. The property offering is a commercial income-producing asset, presenting an attractive investment opportunity in this thriving locale. Its prime location in the heart of the Soda Pop district ensures excellent visibility and accessibility, further enhancing its appeal to potential investors. Wilmington, NC, is witnessing significant growth and development, with a rising demand for commercial spaces in sought-after districts like the Soda Pop District. Each district boasts unique architectural features, fostering a delightful atmosphere for patrons to enjoy local shops and restaurants. For investors seeking to diversify their portfolio, this opportunity allows them to become part of one of Wilmington’s premier downtown commercial districts and capitalize on its substantial growth potential. #sodapopdistrict#incomeproducing#hospitalityforsale#commercialrealestatewilmingtonnc

FOR SALE DETAILS

PRICE

$3,875,000 USD

PRICE/SF

$328 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

UMX

APN/PARCEL ID

R04818-018-008-000

ASK ABOUT THIS PROPERTY

Amanda ParmerBlueCoast CommercialMore Info
910-427-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Amanda ParmerBlueCoast CommercialMore Info
910-427-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.