Jocelyn Hopkins - Coldwell Banker Sea Coast Advantage Realty
1020 Princess Street
Wilmington, NC 28401

$1,425,000

Description

Commercial Property Opportunity located in the middle of the fast growing Soda Pop District. This commercial service corridor is seeing incredible growth and opportunity. Located at the corner of Princess Street and 11th Street this commercial building is currently 100% occupied by a well established Carburetor Specialist, Auto Repair/Service Garage and Ministry. The current monthly rental income is at $8,000/month. Currently the building is set up in 3 separate spaces, 5200 SQ Ft, 3900 SQ Ft and 2720 SQ FT. In addition to the 11,820 SQ FT of business space there is also a surface parking lot in addition to on street parking. The property is located in the Urban Mix Use District with permitted heights of 45 feet by right and up to 75 feet w/SUP. Incredible investment opportunity.

Details

MLS#100111853
Sub-TypeResale
StatusActive
Year1946
Days On Site185

Features

SQ Feet11,820
Story(s)1
Units3
ZoningUMX

Loading Form

Loading Form

Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$1,425,000
low | high
Med:
$212,499
100% of Average
SqFt:
11,820
low | high
Med:
0
100% of Average
$ / SqFt:
$121
low | high
Med:
$0
100% of Average
On Site:
185
low | high
Med:
840
22.02380952381% of Average
Listing Updated: 10/21/2018
MLS Number: 100111853
Listing Provided By:
Jeffrey G Hovis  of  Intracoastal Realty Corp