Downtown waterfront!

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30368598
Property Subtypes: Free-Standing Building
Status: Pending
Condo? Yes
Building Size (RSF): 827 SF
Sale Price: $235,000
Property Use Type: Investment, Vacant/Owner-User
Building Name: J W Brooks Building
Usable Size (USF): 827 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/15/2019

Overview / Comments

Outstanding 1st floor, end unit retail condo in the downtown historic JW Brooks Building on Water St. Condo offers an abundance of windows in this beautiful river front property. Tenant in place with a month to month lease and requires a three hour notice before showing. Tenant currently operates a retail clothing store. Perfect for an office or commercial user but not zoned for residential.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Wilmington
Tax ID/APN: R05308001001005
Is Condo?: Yes
Zoning: CBD
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Excellent
Largest Nearby Street: Market Street
Highway Access: Close By
Airports: Less than 5 miles
Site Description: Outstanding 1st floor, end unit retail condo in the downtown historic JW Brooks Building on Water St. Condo offers an abundance of windows in this beautiful river front property. Tenant in place with a month to month lease and requires a three hour notice before showing. Tenant currently operates a retail clothing store. Perfect for an office or commercial user but not zoned for residential.
Area Description: Walkable downtown waterfront. Many shops, restaurants, businesses and residential.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1920
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Brick building surrounded by riverwalk and sidewalk.
Parking Description: Public parking
Zoning Description: CBD
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT 5 J W BROOKS BUILDING CONDOMINIUM

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,591 34,521 111,009
Median Age: 36.07 38.18 36.37
Households: 3,914 15,805 48,167
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