Historic building on Front Street

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30706694
Property Subtypes: Mixed Use
Status: Pending
Building Size (RSF): 5,652 SF
Sale Price: $1,050,000
Unit Price: $185.77 PSF
Property Use Type: Business
Usable Size (USF): 2,826 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2021

Overview / Comments

Historic multi-use building built in 1900 on the corner of Front St and Grace St. Directly adjacent to River Place, Cotton Exchange, the Hilton Ballast, and many retail stores and restaurants. Property consist of 33' of street access on Front St with 2826 sf of mixed use space. Currently space has 21'x29' showroom with remaining space set up as offices. However it can be up-fitted to suit. The lower basement access is located on Grace Street which was previously used for storage. It has lots of character and could potentially be converted to retail space or bar. The basement adjoins the area behind the building which can be used for parking. The upper and lower levels can be leased together or separate.

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Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04720-007-020-000
Zoning: CBD
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention
Property Visibility: Excellent
Largest Nearby Street: Grace
Feet of Frontage: 33
Highway Access: I-40 is 6.6 miles away Hwy 133 3 blocks away Hwy 74/76 1 mile away
Airports: New Hanover County International 5 miles away
Area Description: Directly adjacent to River Place, Cotton Exchange, the Hilton Ballast, and many retail stores and restaurants. In the heart of Wilmington's Historic District
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Total Parking Spaces: 4
Parking Type: Surface
Heat Type: Electricity, Other
Heat Source: Other
Air Conditioning: Package Unit
Zoning Description: CBD
Lot Frontage: 33 feet
Lot Depth: 144
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: Pt Lot 1 Blk 190 Wilm

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,437 34,493 101,521
Median Age: 35.43 38.65 35.87
Households: 3,840 15,617 43,659


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