10 N Front Street

Retail-Commercial for Sale
Sale Pending
Also listed as Office
Catylist Listing ID: 30780689
Status: Pending
Building Size (RSF): 4,080 SF
Gross Land Area: 0.04 Acres
Sale Price: $1,050,000
Unit Price: $257.35 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 4,080 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/12/2022

Overview / Comments

10 N Front Street is situated on 0.04 acre next to popular restaurant Circa 1922 and the Historic Bailey Theater, which has just been approved for historical renovation. 10 N Front is also adjacent to the 2nd Street parking deck which can be accessed by the alleyway to the North of the building. The ground floor is street level retail with Top Toad and Gems4U in place as long-term tenants in the building. The 2nd floor is loft-style office occupied by Design Loud, a full-service marketing agency. Building is in great shape with HVAC new in 2018, and roof new in 2011.

Attachments & Media

Financials

Finance Data Year 2021
Net Operating Income $70,094 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04720-009-007-000
Zoning: CBD - CENTRAL BUSINESS DISTRICT

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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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