211 Princess St
Wilmington, NC 28401

Rare opportunity to own a piece of Wilmington's history! This iconic building, built in 1906, is located in the heart of Historic Downtown Wilmington along the recently revived Princess St. corridor. Art galleries, boutiques, great restaurants, hip coffee shops, historic Thalian Hall, Wilmington City Hall and a 3 minute walk to Downtown Riverwalk....211 Princess St. location can't be beat. Owner has recently completed a comprehensive renovation of the property. Electrical, plumbing, HVAC, roof and windows are all new....no delayed maintenance. The 915 sf street level commercial space conveys with a lease in place. The upper level apartments feature hardwood floors, exposed brick walls, both with rear balconies, large windows front and back allowing outstanding natural light throughout. The second floor 870 sf 2 bedroom/2 bath furnished apartment currently has an excellent lease in place. Update: The 3rd floor 840sf 2 bedroom/2 bath apartment has recently undergone a complete renovation and has been established as a Short Term Rental (AirBnB and VRBO). New kitchen cabinets, walnut countertops, stainless appliances, subway tiles backsplash, and both bathrooms have new cabinets, countertops and marble floors. (See photos) In addition, the suite has been beautifully furnished and accessorized. (NOTE: Furnishings and accessories may remain but to be purchased separately). Due to the recent changes to the STR regulations in Wilmington whole-home short term rentals in residential neighborhoods have been drastically restricted but those located in the commercial districts are and will remain legal. The demand for STR's in the Downtown District has already experienced an increased demand already. In fact, this 3rd floor suite was booked by a local movie production for a 2 month period before it was even posted to AirBnB or VRBO. The new owner of the property will be able to take advantage of the future bookings which historically generate higher revenue than long term rentals and even have a wonderful suite to stay in when they wish.