103 Front StWilmington, NC 28401

Property Details for 103 Front St

Year built

1989

Property size (Sq ft)

3,000 SF

Property type

Other commercial real estate

Property subtype

Investment properties

Description

This exceptional opportunity presents a fully operational, second-generation restaurant for sale in Wilmington, NC's vibrant downtown. Located at 103 S Front St, this 3,040 square foot space, built in 1989 and renovated in 2021, is situated in a high-traffic area, a short walk from the Live Oak Amphitheater and minutes from the heart of downtown. The property features a fully built-out kitchen, bar, and dining area, with all furniture, fixtures, and equipment included. The single-unit space benefits from ample free street parking and excellent visibility, enhancing its appeal. The current lease is a NNN (Net, Net, Net) agreement with a remaining term of approximately 1.2 years, expiring January 31, 2026, and includes a 5-year extension option. Rent increases are capped at 3% annually. The property is zoned CBD-CENTRAL BUSINESS DIS, reflecting its prime location within Wilmington's thriving central business district. This asset sale includes all FF&E (Furniture, Fixtures, and Equipment) and involves a sublease or assignment of the existing lease. The asking price is $275,000. Due to the confidential nature of this listing, a Non-Disclosure Agreement (NDA) and proof of funds are required before specific details are disclosed. This is a rare chance to acquire a turnkey restaurant in a highly sought-after location within a rapidly growing market.

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2339

Longitude

-77.9483

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