1108 Princess St - Storefront FOR SALE


Wilmington, NC 28401
$3,395,000 USD
252-717-5417
1108 Princess St, Wilmington, NC for Sale
$3,395,000 USD
Storefront - FOR SALE
1/40
null | Request Cap Rate

1108 Princess St
Wilmington, NC 28401


HIGHLIGHTS

  • Infill Development Opportunity
  • Long term Lease in place
  • New HVAC
  • New Roof
  • New Electric

OVERVIEW

Offering a remarkable opportunity for investment in The Soda Pop district of downtown Wilmington, NC. Built in 1950, this beautiful brick building at 1108 Princess Street is located on the intersection of 11th and Princess St just off Market St and a short walk from downtown. The Soda Pop district is home to a number of establishments such as, Unleashed Fitness, Hi-Wire Brewing, Bowstring Burgers and Brewyard, Ibis Coffee and Cocktails, Hughes Brothers and many others that give this vibrant commercial district a diverse mix of businesses attracting both locals and visitors to the area. With an increase in demand for commercial spaces in Wilmington, NC, this is an opportunity for investors to capitalize on significant growth potential and take part in one of the area's most desirable commercial districts with further opportunity for infill development. Zoned: UMX Urban Mixed Use Excellent off-street parking Open floorplan with 20-foot ceiling heights Building: 11,430 SF Land Area: 30,000 SF Great location for infill development Lease in place until 11/30/2033 Contact Agent: Andrew Norris Phone: (910) 471-6615 Email: andrew@haystackre.com

FOR SALE DETAILS

PRICE

$3,395,000 USD

PRICE/SF

$297 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

UMX

APN/PARCEL ID

R04818-019-001-000

ASK ABOUT THIS PROPERTY

Katherine HollomanHaystack Realty GroupMore Info
252-717-5417

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

Katherine HollomanHaystack Realty GroupMore Info
252-717-5417

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