18 S Front St - Downtown - CBD

Retail-Commercial for Sale
Catylist Listing ID: 30648287
Property Subtypes: Mixed Use, Street Retail, Tavern/Bar/Nightclub
Building Size (RSF): 7,698 SF
Sale Price: $1,350,000
Unit Price: $175.37 PSF
Property Use Type: Vacant/Owner-User
Usable Size (USF): 7,698 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/27/2020

Overview / Comments

7,700+/- sq ft building in downtown Wilmington. Location on high profile S. Front St. Ground floor commercial space that can easily be a retail, office, showroom, flex place, or upfit for restaurant/bar. Upstairs includes three residential apartments that lease for $4,500/month when 100% occupied. Pedestrian ally access for residential. New roof, new HVACs, recently remodeled interiors of all spaces.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05308002009000
Zoning: CBD
Property Located Between: Market & Dock
Property Visibility: Excellent
Largest Nearby Street: S Front/Market
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Excellent
Year Built: 1923
Year Renovated: 2019
Parking Description: Street
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,591 40,353 111,724
Median Age: 36.07 36.3 36.35
Households: 3,914 18,467 48,452

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