1020 Princess Street
Wilmington, NC 28401

$141,840

Description

11820 Square Feet of Commercial Property available to lease located in the middle of the fast growing Soda Pop District. This commercial service corridor is seeing incredible growth and opportunity. Located at the corner of Princess Street and 11th Street. This commercial building is currently occupied by a well established Carburetor Specialist and Ministry. There is a 2700 Square Foot Garage space currently available. The tenants are month to month with a 90 day notice clause (this is negotiable). Currently the building is set up in 3 separate spaces, 5200 SQ Ft, 3900 SQ Ft and 2720 SQ FT. In addition to the 11,820 SQ FT of business space there is also a surface parking lot in addition to on street parking. The property is located in the Urban Mix Use District with permitted heights of 45 feet by right and up to 75 feet with a special use permit(this process and city procedure under review and please refer to www.municode.com subject Wilmington NC). The current owner has their business in the building. Leases are month to month and assignable. The owner is flexible and will work with an interested party to transition into all or part of the building Two units have individual HVAC systems, electric and gas meters. The Garage Space has heat and separate gas/electric meters. Building is served by one water/sewer meter. The building is incredibility maintained. Easy access to downtown, beach, airports, major highways and roadway. This is a great opportunity to invest and work toward a very profitable economic development project in a very prospering and thriving area.

Details

MLS#100160076
Sub-TypeResale
StatusActive
Year1946
Days On Site94

Features

SQ Feet11,820
Story(s)1
Units3
ZoningUMX

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Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$141,840
low | high
Med:
$219,000
4.399323181049% of Average
SqFt:
11,820
low | high
Med:
990
100% of Average
$ / SqFt:
$12
low | high
Med:
$221
100% of Average
On Site:
94
low | high
Med:
747
12.583668005355% of Average
Listing Updated: 07/15/2019
MLS Number: 100160076
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp
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