Brewing and Pizzeria
For Sale
Contact for pricing
1020 Princess Street, Wilmington, NC 28401
Recently renovated 1946 building originally a car dealership, currently home to a brewery and pizzeria under two leases.
Property SizeContact for details
Days on Market121
Property Features for 1020 Princess Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
1946
Tenancy
Multi
Listing Agency:
Dash Commercial Real Estate Advisors
Listed By:
Joe Lombardo · License #320286
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dash Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This recently renovated 1946 building was originally a car dealership and is now home to Hi-Wire Brewing and Cugino Forno Pizzeria. It represents the second shared building in North Carolina with these two tenants, with the asset described as stabilized.
The property is located in Downtown Wilmington within the redeveloped Soda Pop District, a social district featuring breweries, wine bars, live music, office, and retail. The offering materials also note future plans for multi-family development nearby.
Lease terms referenced in the remarks include eight years remaining for Hi-Wire Brewing and nine years remaining for Cugino, along with annual rent escalations.
The property is located in Downtown Wilmington within the redeveloped Soda Pop District, a social district featuring breweries, wine bars, live music, office, and retail. The offering materials also note future plans for multi-family development nearby.
Lease terms referenced in the remarks include eight years remaining for Hi-Wire Brewing and nine years remaining for Cugino, along with annual rent escalations.
Key Highlights
- Recently renovated 1946 building originally a car dealership, currently leased to Hi‑Wire Brewing and Cugino Forno Pizzeria
- Two tenants in one shared building: Hi‑Wire Brewing and Cugino Forno, with remaining lease terms of 8 and 9 years, respectively
- Annual rent escalations in place on both leases
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,536
Businesses Nearby
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Brewery - Recently renovated 1946 building originally a car dealership, currently home to a brewery and pizzeria under two leases.
Where is this brewery located?
The property is located at 1020 Princess Street Wilmington, NC.
What are key features of this property?
This property features: Recently renovated 1946 building originally a car dealership, currently leased to Hi‑Wire Brewing and Cugino Forno Pizzeria; Two tenants in one shared building: Hi‑Wire Brewing and Cugino Forno, with remaining lease terms of 8 and 9 years, respectively; Annual rent escalations in place on both leases
