B&B For Sale "Front Street Inn"

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30423091
Property Subtypes: Bed & Breakfast
Status: Pending
Number of Units: 12 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $1,850,000
Unit Price: $154,166.67 Per Unit
Property Use Type: Investment, Business
Building Name: Front Street Inn
Name of Establishment: Front Street Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/2/2021

Overview / Comments

Perfectly located only one block from Wilmington's beautiful riverwalk, Front Street Inn is in a beautiful historic brick building on the edge of the central business district and immediately adjacent to the upper-end historic district.

An Inclusive, Award-Winning Historic Bed & Breakfast Inn and Boutique Hotel
One of Our State magazine’s “21 Perfect Places to Stay in North Carolina". Located in the historic downtown Wilmington, NC.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05308-009-003-001
Zoning: CBD
Retail Clientele: General, Traveler, Tourist
Property Located Between: Orange & Ann Street
Property Visibility: Excellent
Largest Nearby Street: Front Street
Highway Access: HWY 17-74-76 is 5 blocks south of property
Airports: ILM
Number of Stories: 2
Property Condition: Good
Year Built: 1924
Year Renovated: 1995
Sprinklers: None
Zoning Description: Central Business District
Water Service: Municipal
Sewer Type: Municipal
Legal Description: (.34 ACRES) PL LTS 3,4 & 5 BLK 126 WILM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,349 40,353 111,724
Median Age: 35.17 36.3 36.35
Households: 4,165 18,467 48,452


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