1020 Princess St, Wilmington, NC 28401

Commercial property for lease

• 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 with a special use permit(this process and city procedure under review and please refer to www.municode.com subject Wilmington NC).The current owner has their business in the building along with the 2 other commercial tenants. Leases are month to month and assignable. The owner/operator also has desire to remain and continue operations. The owner is flexible and can relocate or work with buyer while in the additional develop stage.All spaces have individual HVAC systems, electric and gas meters. Building is served by one water/sewer meter. The building is incredibility maintained. The future expansion of the exiting structure and commercial access provides great development potential. Easy access to downtown, beach, airports, major highways and roadway. This is a great opportunity to invest and work toward a very profitable economic development project in a very prospering and thriving area. Building price details: $1,425,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	35
  Parking Type:	Surface

• Contact info
• Jeffrey Hovis

  Intracoastal Realty Corp.
• Note

• Details Info about this row that located on 1020 Princess St, Wilmington, NC 28401 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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