1120 Princess Street, Wilmington, NC 28401
$895,000
Property Type:
Comm Sale or Lease
Square Footage:
1,516
Lot Size (sq. ft.):
10,411
Status:
Active
Current Price:
$895,000
List Date:
10/18/2024
Last Modified:
12/14/2025
Description
Urban Mixed use property consisting of 10,411 SF(.239 acres) of land with a 1516 SF multipurpose building, 163
SF Greenhouse and 124 SF storage shed. In addition to the buildings you have an open parking/storage area that is approximately 7900 SF. This property is located in the heart of the Soda Pop District. This building has houses restaurants, catering companies, Businesses, Art Facilities and , much more. The main building has a hood system and other food server equipment in place. The opportunities for this property are wide open.
More Information MLS# 100471690
Building/Ext Features
# of Parking Spaces: 10
Lot Acres: 0.24
Lot SqFt: 10411
Lot Dimensions: 131 x 83 x 131 x 75
Location Type: Mainland
Contract Info
Available Date: 2024-10-18
Delayed Marketing?: No
Sub-Type: Improved
Garage: Masterlock
Space: Yes
Sale/Lease: Sale
List Price/SqFt: 590.37
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2024-10-18
Listing Price: 895000
Current Price: $895,000
Location Information
City Limits: Yes
Secondary Subdivision: N/A
Street #: 1120
Street Name: Princess
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Not In Subdivision
Geo Lat: 34.237433
Geo Lon: -77.934413
Remarks and Showing
Sign on Property: No
Directions to Property: From Downtown take Market Street east. Turn left on S 10th Street and then right on to Princess Street. Property is at the corner of S 12th and Princess Street.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 384800
Total City Real Estate Property Tax: 3347
Deed Book: 6424
Deed Page: 1905
Legal: Blk 175 E End 1 Pt 2 Wilm
Tract 1B-1R Wishon Division Child Split from
R04818-019-001-000
Broker Owner: No
PID: R04818-019-011-000
Tax Identifier: R04818-019-011-000
Plat Book: 0
Plat Page: 0
Special Assessments: none
Tax Year: 2024
Zoning: UMX
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1951
Business Type
Food Service: 1
Mixed: 1
Professional/Office: 1
Retail: 1
Building Supply: 1
Business Service: 1
Commercial: 1
Other: 1
Current Use
Commercial: 1
Office: 1
Retail: 1
Miscellaneous
Ceiling Height: 10
Occupancy: 100
Current Use: Gallery and Office
HOA and Neigh Amenities
See Remarks: 1
Attic
Access Only: 1
Basement
None: 1
C & I Features
None: 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 Veneer: 1
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Seller Financing: 1
Foundation
Slab: 1
Flooring
Concrete: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Paved: 1
Private: 1
Sale/Lease Includes
Buildings: 1
Fixtures: 1
Furniture: 1
Roof
Shingle: 1
Lot Description
Open Lot: 1
Road Type/Frontage
2 - 3 Lanes: 1
Paved: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: Less than 5 Miles
County Highway: 6 - 10 Miles
Interstate: Less than 5 Miles
Port: 6 - 10 Miles
Rail: Less than 5 Miles
State Highway: 6 - 10 Miles
Cooling
Central Air: 1
Location
Gen Bus District: 1
Heating
Forced Air: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Utilities
Natural Gas Available: 1
Water Available: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
Financial Info
Financial Info: No
BuildingExt Features
SqFt - Heated (Primary): 1516
Property Features
Business Type: Food Service; Mixed; Professional/Office; Retail; Building Supply; Business Service; Commercial; Other
HOA and Neigh Amenities: See Remarks
Attic: Access Only
Basement: None
Exterior Finish: Brick Veneer
Flooring: Concrete
Foundation: Slab
Fuel Tank: None
Green Bldg Features: None
Parking Features: Paved; Private
Roof: Shingle
Lot Description: Open Lot
Current Use: Commercial; Office; Retail
Location: Gen Bus District
Lot Water Features: None
Cooling: Central Air
Heating: Forced Air
Heating System Fuel Source: Electric
Water Heater: Electric
Utilities: Natural Gas Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: 1031 Exchange; Cash; Conventional; Seller Financing
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: December - 14 - 2025
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