1108 Princess Street, Wilmington, NC 28401
$3,395,000
Property Type:
Comm Sale or Lease
Square Footage:
11,430
Lot Size (sq. ft.):
30,056
Status:
Active
Current Price:
$3,395,000
List Date:
12/02/2024
Last Modified:
12/03/2024
Description
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.
Lease in place until 11/30/2033
More Information MLS# 100478327
Contract Info
Available Date: 2024-12-02
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2024-12-02
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 3395000
Current Price: $3,395,000
List Price/SqFt: 297.03
Stipulation of Sale: Standard
Location Information
Street #: 1108
Street Name: Princess
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: 1158 Place
Geo Lat: 34.237272
Geo Lon: -77.935102
Remarks and Showing
Directions to Property: 1108 Princess Street is located on the intersection of 11th and Princess St just off Market St
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 11430
Legal and Taxes
Tax Assessed Value: 941800
Deed Book: 6053
Deed Page: 2739
Legal: PID R04818-019-006
Broker Owner: No
PID: R04818-019-006
Tax Identifier: R04818-019-001-000
Total Real Estate Property Taxes: 8193.66
Special Assessments: none
Tax Year: 2024
Year Built: 1950
Zoning: UMX
Cobra Zone: No
Miscellaneous
Ceiling Height: 20
Current Use: Unleashed Fitness
Property Features
Business Type: Mixed; Retail; Commercial
Parking Features: Additional Parking; Asphalt; Attached; Off Street; On Site; Parking Lot; Paved; Public
Roof: Flat
Lot Description: Corner Lot; Land Locked; Level
Current Use: Retail
Location: Gen Bus District; See Remarks
Cooling: Central Air
Heating: Forced Air
Heating System Fuel Source: Electric
Sewer: Community Sewer
Water Source: City Water
Terms: 1031 Exchange; Cash; Conventional
Listing Office: Haystack Realty Group
Last Updated: December - 03 - 2024
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