30 N Front St

Retail-Commercial for Sale
Sale Pending
Also listed as Multi-Family
Catylist Listing ID: 30700674
Property Subtypes: Free-Standing Building, Mixed Use
Status: Pending
Building Size (RSF): 4,428 SF
Gross Building Area: 4,572 SF
Gross Land Area: 1,800 SF
Sale Price: $975,000
Unit Price: $220.19 PSF
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 4,428 SF
Sale Terms: Cash to Seller
Last Updated: 1/28/2021

Overview / Comments

The property consists of a three-level, masonry building containing approximately 4,572 square feet. It is comprised of an updated and attractive, open retail space with storage and a bathroom on the first level. The upper two levels are comprised of a two-bedroom, 2 bath apartment and a three-bedroom, 2.5 bath penthouse apartment. The apartments are accessed by a doorway on the rear of the building and a secure stairwell. The penthouse has private access to the large rooftop deck and screened porch which provides panoramic views of the Historic District and the Cape Fear River. Both apartments are being operated as AirBnB short term rentals. Retail space has stable and committed tenant who has been in operation at this location since 2013.

This premium location has good pedestrian traffic due to the density of occupied buildings that attract tourists and locals. As such, it is quite attractive to merchants, restaurant operators and some office users. It is located on the West side of N. Front Street approximately 50 feet south of its intersection with Princess Street. There is on-street parking along both sides of N. Front Street. In addition, there is a public parking deck located in close proximity to the subject site.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R04720-009-003-000
Zoning: CBD
Retail Clientele: General, Tourist
Property Located Between: West side of N. Front approx. 50 feet south of its intersection with Princess St
Property Visibility: Excellent
Largest Nearby Street: Market Steet
Feet of Frontage: 24
Airports: Wilmington International Airport - 4.3 miles
Area Description: The subject is located on Front Street which has good pedestrian traffic due to the density of occupied buildings that attract tourists and locals. As such, it is quite attractive to merchants, restaurant operators and some office users.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 1,800 SF
Property Condition: Excellent
Year Built: 1914
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: The exterior is masonry block/brick; stucco on front; the ground level fa├žade is mostly display type window.
Parking Description: There is on- street parking along both sides of N. Front Street. In addition, there is a public parking deck located in close proximity to the subject site.
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Air Conditioning: Package Unit
Internet Access: Cable
Lot Frontage: 24
Lot Depth: 75
Water Service: Municipal
Sewer Type: Municipal
Legal Description: W END PT 1 BLK 165 WILM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,670 40,325 109,607
Median Age: 35.65 36.7 36.25
Households: 4,384 18,279 47,317

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