1120 Princess StWilmington, NC 28401

Property Details for 1120 Princess St

Year built

1951

Construction

WOOD FRAME

Lot size

0.06 AC

Property size (Sq ft)

1,540 SF

Zone code

UMX

Property type

Retail properties

Property subtype

Turn key restaurants

APN

R04818-019-011-000

APU

R04818019011000

Description

This exceptional commercial property, located at 1120 PRINCESS Street in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a generous 1,516 square feet of space, this property sits on a sizable 0.24-acre lot, offering ample room for expansion or outdoor utilization. The building's versatile "Other" classification allows for a wide range of potential uses, making it ideal for entrepreneurs and businesses seeking a flexible and adaptable space. The property's prime location in Wilmington provides excellent visibility and accessibility, placing it within easy reach of the city's vibrant commercial district and its diverse population. The asking price of $1,195,000 reflects the property's significant potential and strategic location. This is a rare chance to acquire a substantial commercial property in a thriving North Carolina market. The property's size and location make it suitable for a variety of commercial ventures, from retail spaces to offices, or even a combination of uses. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this opportunity to secure a valuable asset in a dynamic and growing city.

• CAP approach

  CAP return

  Valuation

  6%

  $548,732

  6.5%

  $506,521

  7%

  $470,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,027,331

  Geo Method

  $890,799

• Alternative Use

  Use

  Valuation

  Residential

  $427,270

  Hospitality

  $391,377

  Educational

  $325,621

  Medical

  $336,820

  Retail

  $506,521

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2374

Longitude

-77.9344

CBSA code

48900

CBSA name

WILMINGTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].