Income Producing Downtown Location

Retail-Commercial for Sale
Catylist Listing ID: 30774158
Property Subtypes: Street Retail
Building Size (RSF): 1,825 SF
Sale Price: $640,000
Unit Price: $350.68 PSF
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 1,825 SF
Sale Terms: Cash to Seller
Cap Rate: 6.75%
Last Updated: 11/23/2021

Overview / Comments

1800+ sq ft condo in historic Masonic Temple building on N Front St. Prime location. Current 5 year lease in place. Sale is for real estate only.

Current Tenants

Tenant Business Name Port City Java
Is Renting? Yes
Annual Revenue $43,200 (Annual)
SF of Space Occupied 1,825 SF
Current Rent $24 PSF (Annual)
Tenant Notes NNN lease

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04720-010-010-002
Zoning: CBD
Tenancy: Single Tenant
Year Built: 1898

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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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