1108 Princess St
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1108 Princess St
11,430 SF 100% Leased Retail Building Wilmington, NC 28401 $3,395,000 ($297/SF)
Investment Highlights
- Infill Development Opportunity
- New HVAC
- New Electric
- Long term Lease in place
- New Roof
Executive Summary
Offering a remarkable opportunity for investment in The Soda Pop district of downtown Wilmington, NC. Built in 1950, this beautiful brick building at 1108 Princess Street is located on the intersection of 11th and Princess St just off Market St and a short walk from downtown.
The Soda Pop district is home to a number of establishments such as, Unleashed Fitness, Hi-Wire Brewing, Bowstring Burgers and Brewyard, Ibis Coffee and Cocktails, Hughes Brothers and many others that give this vibrant commercial district a diverse mix of businesses attracting both locals and visitors to the area.
With an increase in demand for commercial spaces in Wilmington, NC, this is an opportunity for investors to capitalize on significant growth potential and take part in one of the area's most desirable commercial districts with further opportunity for infill development.
Zoned: UMX Urban Mixed Use
Excellent off-street parking
Open floorplan with 20-foot ceiling heights
Building: 11,430 SF
Land Area: 30,000 SF
Great location for infill development
Lease in place until 11/30/2033
Contact Agent: Andrew Norris
Phone: (910) 471-6615
Email: andrew@haystackre.com
The Soda Pop district is home to a number of establishments such as, Unleashed Fitness, Hi-Wire Brewing, Bowstring Burgers and Brewyard, Ibis Coffee and Cocktails, Hughes Brothers and many others that give this vibrant commercial district a diverse mix of businesses attracting both locals and visitors to the area.
With an increase in demand for commercial spaces in Wilmington, NC, this is an opportunity for investors to capitalize on significant growth potential and take part in one of the area's most desirable commercial districts with further opportunity for infill development.
Zoned: UMX Urban Mixed Use
Excellent off-street parking
Open floorplan with 20-foot ceiling heights
Building: 11,430 SF
Land Area: 30,000 SF
Great location for infill development
Lease in place until 11/30/2033
Contact Agent: Andrew Norris
Phone: (910) 471-6615
Email: andrew@haystackre.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,430 SF
Building Class
C
Year Built
1950
Price
$3,395,000
Price Per SF
$297
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.69 AC
Zoning
UMX - The urban core of the city, primarily that area within the 1945 corporate limits, contributes to the unique character of the City of Wilmington.
Parking
45 Spaces (3.94 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Storage Space
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Unleashed Fitness
- Services
- 11,200 SF
- -
- Triple Net
- Nov 2033
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Unleashed Fitness | Services | 11,200 SF | - | Triple Net | Nov 2033 |
Walk Score ®
Very Walkable (81)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R04818-019-001-000 | Improvements Assessment | $713,500 |
| Land Assessment | $228,300 | Total Assessment | $941,800 |
PROPERTY TAXES
Parcel Number
R04818-019-001-000
Land Assessment
$228,300
Improvements Assessment
$713,500
Total Assessment
$941,800
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1108 Princess St
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