Historic building on Front Street
Retail-Commercial
for Sale
| Catylist Listing ID: |
30706694 |
| Property Subtypes: |
Mixed Use
|
| 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: |
4/26/2021 |
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.
|
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 |
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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