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
Building/Ext Features
# of Parking Spaces: 35
# of Units: 3
Lot Acres: 0.64
Lot SqFt: 27783
Lot Dimensions: 198 x 147 x 198 x 132
SqFt - Apx Total: 11820
SqFt - Total Available: 11820
Location Type: Mainland
Contract Info
Sub-Type: Improved
Space: Yes
Sale/Lease: Sale
Auction: No
List Price/SqFt: 120.56
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2018-04-19
Listing Price: 1425000
Current Price: $1,100,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Secondary Subdivision: N/A
Street #: 1020
Street Name: Princess
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Downtown
Geo Lat: 34.237217
Geo Lon: -77.935968
Remarks and Showing
Sign on Property: No
Directions to Property: Heading west on Market Street, turn right on 11th Street. Property located at 11th and Princess Street
Building Info
New Construction: No
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
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 4636
Special Assessments: none
Tax Year: 2017
Zoning: UMX
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1946
Business Type
Auto Related: 1
Business Flex: 1
Industrial: 1
Mixed: 1
Professional/Office: 1
Retail: 1
Warehouse: 1
Miscellaneous
Ceiling Height: 14
Occupancy: 100
Current Use: warehouse/church
HOA and Neigh Amenities
No Amenities: 1
Attic
Access Only: 1
Basement
None: 1
C & I Features
Electric 3 Phase: 1
Fire Alarm: 1
Fixtures/Furniture: 1
Overhead Doors: 1
Reception Area: 1
Security Fence: 1
Security System: 1
Storage Inside: 1
Construction
Block: 1
Brick/Stone: 1
Wood Frame: 1
Lot Water Features
None: 1
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
Exterior Finish
Brick: 1
Brick Veneer: 1
Terms
Cash: 1
Conventional: 1
Seller Financing: 1
Foundation
Brick/Mortar: 1
Slab: 1
Flooring
Carpet: 1
Concrete: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
On Site: 1
Paved: 1
Private: 1
Public: 1
Sale/Lease Includes
Buildings: 1
Fixtures: 1
See Remarks: 1
Roof
Membrane: 1
Metal: 1
Tar/Gravel: 1
Lot Description
Corner Lot: 1
Road Type/Frontage
Public (City/Cty/St): 1
Road/Trans Access
Airport: Less than 5 Miles
County Highway: Less than 5 Miles
Interstate: Less than 5 Miles
Port: Less than 5 Miles
Rail: Less than 5 Miles
State Highway: Less than 5 Miles
Cooling
Central Air: 1
Location
Gen Bus District: 1
Industrial Park: 1
See Remarks: 1
Heating
Other: 1
Heating System Fuel Source
Electric: 1
Natural Gas: 1
Water Heater
Electric: 1
Utilities
Natural Gas Connected: 1
Water Source
Public: 1
Sewer
Municipal Sewer: 1
Financial Info
Real Estate Taxes: 4636
Lease Types
NNN: 1
BuildingExt Features
SqFt - Heated (Primary): 11820
Status Change Info
Under Contract Date: 2018-11-27
Sold Price: $1,100,000
Sold Date: 2019-08-01
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
IDX
Last Updated: January - 16 - 2020
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