1107 Princess Street

Retail-Commercial for Sale
Catylist Listing ID: 30206222
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 2,076 SF
Gross Land Area: 5,841 SF
Sale Price: $399,000
Unit Price: $192.20 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 2,076 SF
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 3/14/2018

Overview / Comments

This property located the new development focus area of the City of Wilmington. This UMX zoning district permit building height of 45 feet. The property is located in the Soda Pop District and is close to new developing areas. Easy access to highway and services. Close to downtown and mid-town. Surrounded by a fast going residential market and if prime for a mix of retail, office and residential uses.

Owner will consider owner financing with appropriate financials. There is another building and vacant lot available. Building on site can be leased during a the planning process or a plan could build over the structure to keep the facades and outline of the building intact.

Open canvas with extreme potential.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04818-015-013-000
Zoning: UMX
Retail Clientele: General, Family, Business, Tourist
Property Located Between: 11th and 12th Streets
Property Visibility: Excellent
Largest Nearby Street: Princess
Feet of Frontage: 35
Highway Access: RT 17, 74/76 and I40 all with in close distance.
Airports: ILM
Site Description: Currently a concrete building aligned with the main street. Building sits on 2076 sq ft of the total 5841 sq ft of land. Builiding has use for development and the land allows for an increase in density of a project.
Area Description: Urban Mixed Area development. Combination of business, schools and residence.
Year Built: 1948
Year Renovated: 1980
Roof Type: Flat
Construction/Siding: Block
Parking Description: Street Parking.
Heat Type: Natural Gas
Heat Source: Other
Air Conditioning: Package Unit
Interior Description: Currently set up as a Laundromat.
Zoning Description: UMX
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Malvenia Peoples

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,661 46,162 122,489
Median Age: 35.73 35.32 36.33
Households: 5,692 21,230 52,094


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