1109 Princess Street

Retail-Commercial for Lease
Short-Term Lease
Also listed as Multi-Family, Office
Catylist Listing ID: 30652375
Property Subtypes: Day Care Facility, Free-Standing Building, Mixed Use, Restaurant, Retail-Pad, Street Retail, Other
Contiguous Space: 1,364 SF
Building Size (RSF): 1,364 SF
Gross Land Area: 5,489 SF
Lease Rate: $1,000 - 1,200 (Monthly)
$8.80 - 10.56 PSF (Annual)
Lease Types: Modified Gross
Ceiling: 9 ft.
Building Name: 1109 Princess
Usable Size (USF): 1,364 SF
Last Updated: 10/30/2020

Overview / Comments

1109 Princess Street was being used by a small church. The property has a large open area with 2 offices and a reception area. There are two bathrooms in the space. Property is located in the UMX zoning area. The Urban Mixed Use zoning provides a wide range of uses. This area is surrounded by increasing residential home development/renovation, newly developing businesses, schools, shops and a quick walk to Historic Downtown Wilmington.

Expand All Available Space

Suite: 1109 1,364 SF $1,000 - 1,200 (Monthly) Modified Gross
Space Available: 1,364 SF
Lease Rate: $1,000 - 1,200 (Monthly)
$8.80 - 10.56 PSF (Annual)
Lease Type: Modified Gross
Short-Term Lease: Yes
Space Description: 1109 Princess Street was being used by a small church. The property has a large open area with 2 offices and a reception area. There are two bathrooms in the space. Property is located in the UMX zoning area. The Urban Mixed Use zoning provides a wide range of uses. This area is surrounded by increasing residential home development/renovation, newly developing businesses, schools, shops and a quick walk to Historic Downtown Wilmington.
Date Available: 9/22/2020
Space Type: New
Offices 2
Tax Expenses $697 PSF (Annual)
Rent Escalators Description TBD
Rent Concession Depending on lease term
Tenant Improvements Allowance $0
Moving Allowance $0
Lease Buyout Allowance $0

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04818-015-007-000
Zoning: UMX
Retail Clientele: General, Family, Business, Traveler, Recreation, Other
Property Located Between: 11th and 12th Streets
Property Visibility: Excellent
Largest Nearby Street: Market Street
Feet of Frontage: 133
Highway Access: MLK, I40, 421, HWY 17
Airports: ILM
Site Description: Partially developed with some vacant land. Located in business area that is close to residential.
Area Description: Urban mixed use, retail, warehouse, brewery, restaurant, multifamily and multiple business uses,
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,364 SF
Property Condition: Average
Year Built: 1948
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Brick and concrete block with some wood trip. Commercial store front windows.
Parking Type: Surface, Other
Parking Description: Currently the vacant lot at 1111 Princess Street can be leased as parking in addition to all the street parking(non-metered).
Sprinklers: None
Heat Type: Other
Heat Source: Other
Air Conditioning: Window Unit, Other
Interior Description: 1109 was used as a church, with a large meeting area and offices.
Zoning Description: Sec. 18-204. - UMX, Urban Mixed Use District. (a)Purpose. The urban core of the city, primarily that area within the 1945 corporate limits, contributes to the unique character of the City of Wilmington. The UMX is established to assure an appropriate development pattern is maintained within the 1945 corporate limits through five (5) main objectives: to enhance and preserve existing urban development patterns by encouraging compatible infill and redevelopment; to affect quality design and a variety of built forms of lasting value that result in a pedestrian scale; to provide a mix of housing options; to promote and enhance transit options, particularly those that are pedestrian-oriented, while reducing demand for automobile trips; and to encourage a mix of uses that fosters a sense of community. The district regulations include design elements intended to enhance the urban form, increase neighborhood safety, add flexibility for small, urban lots, and complement the historic built environment. Integrated mixes of uses on development sites and within individual buildings is encouraged. UMX zoning inside the 1945 corporate limits is intended to reinforce and restore traditional mixed-use patterns in the older parts of Wilmington. UMX zoning outside the 1945 corporate limits is intended to promote mixed-use developments on sites large enough to create a mix of uses within the existing suburban environment. Typically these developments will include creative development and redevelopment solutions such as integrated, vertical mixed use and structured parking. This district is not intended to be applied to the Central Business District (CBD), nor any of the historic districts.(b)Uses.(1)Notwithstanding the provisions of section 18-173, any use is permitted in the UMX provided it meets all other provisions of this chapter, except for the following:a.Adult establishments.b.Electronic gaming.c.Garbage collection, private.d.Gas companies.e.Manufactured homes sales.f.Motor freight companies.g.Movers, van lines, and storage.h.Nightclubs.(2)Uses permitted under prescribed conditions. The following uses are permitted provided that they meet all requirements of this section, Article 6, and all other applicable requirements established in these regulations.a.Auxiliary uses and wares.b.Communications facilities.c.Freestanding structured parking decks.d.Group home supportive, small, medium, large.e.Reserved.f.Industrial uses greater than ten thousand (10,000) square feet, provided they are housed within a building existing at the time of adoption of this ordinance.g.Utility stations and plants outside public rights-of-way (public and private), including lift stations, substations, pump stations, etc.h.Breweries, small regional and microbreweries.i.Artisan food and beverage producers.j.Homestay lodging.k.Whole-house lodging.(3)Permitted by special use permit. The following uses are permitted subject to the issuance of a special use permit and provided that they meet all requirements of this section, Article 6, and all other applicable requirements established in these regulations.a.Automobile renting and leasing.b.Automotive services and towing service.c.Communication facilities, including radio and television stations, cellular telephone facilities, towers, etc.d.Contractor equipment or supply dealers and service.e.Contractor storage yard.f.Dormitories, private.g.Drive-through services.h.Group day facility.i.Industrial and manufacturing uses greater than ten thousand (10,000) square feet.j.Motor vehicle dealers, including automobiles, boat dealers, motorcycles, recreational vehicles, and utility trailers.k.Tire dealers and service.l.Group home residential.(4)All UMX sites outside the 1945 corporate limits shall include a mix of both residential and nonresidential uses.(c)General regulations. The historic urban development pattern inside the 1945 corporate limits.
Lot Frontage: 32
Lot Depth: 134
Water Service: Municipal
Sewer Type: Municipal
Easements: Other
Legal Description: PT LTS 3/4/5 BLK 188 WILM

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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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