Historic Mixed Use
Retail-Commercial
for Sale
| Catylist Listing ID: |
30413487 |
| Property Subtypes: |
Free-Standing Building, Mixed Use, Street Retail
|
| Building Size (RSF): |
10,800 SF
|
| Gross Building Area: |
11,354 SF |
| Sale Price: |
$2,900,000 |
| Unit Price: |
$268.52 PSF |
| Ceiling: |
161313 ft. |
| Property Use Type: |
Investment |
| Usable Size (USF): |
9,285 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/26/2021 |
Overview / Comments
This historic 100+ year old structure was wonderfully rehabilitated in 2016 and provides a mix of loft style spaces, including ground level retail, second floor offices and a third floor residential loft. The rehabilitation took care to maintain the historic character of the building while upgrading all mechanical, electrical and plumbing systems. The interior includes exposed masonry, original and reclaimed hardwood flooring, high ceilings and new large windows. Vertical access is provided via a dramatic open riser wood and steel stair and via a new elevator. Overlooking N Front St, the building sits squarely in the middle of the revitalizing north side of downtown Wilmington. 216/220 N Front Street is surrounded by major new mixed use development projects and renovations of existing structures, bringing new life and vitality to the immediate area. Tenants of the building will be surrounded by unique retail, restaurants and lounges, all within an easy walk. Street level parking is available and two major parking decks are a block from the front door. The property is currently vacant providing significant potential for multi-tenant occupancies or potential to condo off units on all floors.
|
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Tax ID/APN: |
R04720006007000 |
| Zoning: |
CBD |
| Property Located Between: |
Chestnut & Grace Streets |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Front Street |
| Feet of Frontage: |
38 |
| Airports: |
ILM |
| Total Number of Buildings: |
1 |
| Number of Stories: |
3 |
| Typical SF / Floor: |
3,600 SF |
| Property Condition: |
Excellent |
| Year Built: |
1905 |
| Year Renovated: |
2015 |
| Roof Type: |
Hip |
| Construction/Siding: |
Brick |
| Exterior Description: |
Large Storefront and wood first floor, historic brick and metal windows upper floors |
| Parking Description: |
2 public parking decks within 2 blocks |
| Passenger Elevators: |
1 |
| Heat Type: |
Natural Gas |
| Heat Source: |
Heat Pump |
| Air Conditioning: |
Package Unit |
| Interior Description: |
Interior spaces include many of the original historic features, including brick, wood flooring and wood paneling. |
| Zoning Description: |
Central Business District |
| Lot Frontage: |
38 |
| Lot Depth: |
120 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,437 |
40,325 |
106,004 |
| Median Age: |
35.43 |
36.7 |
36.22 |
| Households: |
3,840 |
18,279 |
45,498 |
|
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