1020 Princess Street, Wilmington, NC 28401 (MLS# 100111853)
1020 Princess Street, Wilmington, NC 28401
$1,100,000
Property Type:
Comm Sale or Lease
Square Footage:
11,820
Lot Size (sq. ft.):
27,783
Status:
Closed
Current Price:
$1,100,000
List Date:
4/20/2018
Last Modified:
1/16/2020
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.
More Information MLS# 100111853
Contract Info
Status: Closed
Marketing Start Date: 2018-04-19
Sub-Type: Improved
Space: Yes
Sale/Lease: Sale
Auction: No
Listing Price: 1425000
Current Price: $1,100,000
List Price/SqFt: 120.56
Stipulation of Sale: Standard
Location Information
Street #: 1020
Street Name: Princess
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Downtown
Secondary Subdivision: N/A
Geo Lat: 34.237217
Geo Lon: -77.935968
Remarks and Showing
Directions to Property: Heading west on Market Street, turn right on 11th Street. Property located at 11th and Princess Street
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 11820
Legal and Taxes
Tax Assessed Value: 440100
Total City Real Estate Property Tax: 4636
Deed Book: 5081
Deed Page: 777781
Legal: (0.64 ACRES) E 1/2 PT LOTS 1,2 & 3 BLK 174 WILM
Broker Owner: No
PID: R04818-018-008-000
Tax Identifier: R04818-018-008-000
Total Real Estate Property Taxes: 4636
Special Assessments: none
Tax Year: 2017
Year Built: 1946
Zoning: UMX
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Status Change Info
Under Contract Date: 2018-11-27
Sold Price: $1,100,000
Sold Date: 2019-08-01
Miscellaneous
Ceiling Height: 14
Occupancy: 100
Current Use: warehouse/church
Current Service Providers
Electric Provider: Duke Progress Energy
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Financial Info
Real Estate Taxes: 4636
Property Features
Business Type: Auto Related; Business Flex; Industrial; Mixed; Professional/Office; Retail; Warehouse
HOA and Neigh Amenities: No Amenities
Attic: Access Only
Basement: None
Construction: Block; Brick/Stone; Wood Frame
Exterior Finish: Brick; Brick Veneer
Flooring: Carpet; Concrete
Foundation: Brick/Mortar; Slab
Fuel Tank: None
Green Bldg Features: None
Parking Features: On Site; Paved; Private; Public
Roof: Membrane; Metal; Tar/Gravel
Lot Description: Corner Lot
Location: Gen Bus District; Industrial Park; See Remarks
Lot Water Features: None
Cooling: Central Air
Heating: Other
Heating System Fuel Source: Electric; Natural Gas
Water Heater: Electric
Utilities: Natural Gas Connected
Sewer: Municipal Sewer
Water Source: Public; Public
Terms: Cash; Conventional; Seller Financing
Lease Types: NNN
Listing Office: Intracoastal Realty Corp
Last Updated: January - 16 - 2020
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