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Renovated Mixed-Use Property
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719 Princess St, Wilmington, NC 28401

UMX-zoned urban property combines retail space with a varied residential unit mix and substantial recent improvements.

Property SizeContact for details
Days on Market24

Property Features for 719 Princess St

General Information

Standard status Active
Property subtype MULTIFAMILY
Zoning UMX

Units

Unit Mix 4 x 1BR, 2 x studio, 1 x 2BR
Multifamily Units 7

Additional Details

Gross Income $124,000

Building Details

Year Built 1900
Year Renovated 2022
Listing Agency: Intracoastal Realty Corporation
Listed By: Jeffrey Hovis · License #234605
Source: Mullarkeycreg
Added: Aug 16 Changed: Aug 31 Last Checked: Sep 7 at 4:41AM

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 Intracoastal Realty Corporation

Investment Insights

Based on property information with market context.

This mixed-use property at 719 Princess Street includes one retail space and eight residential units: four one-bedroom apartments, two studios, and one two-bedroom apartment. The building dates to 1900, with extensive renovation work completed during 2021–2022. Residential interiors were updated throughout, with distinct finishes in each unit.

The property is situated near Wilmington’s Historic District, Downtown, and the Soda Pop District. Its UMX zoning supports the property’s combined commercial and residential configuration, while the current layout brings retail and apartment uses together in one urban building.

Key Highlights

  • 8‑unit mixed‑use configuration with 1 retail space and 7 residential units
  • Residential mix includes 4 one‑bedroom units, 2 studio units, and 1 two‑bedroom unit
  • Extensive renovations completed 2021‑2022, including full interior improvements

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Home Appliance Store Veterinary Clinic Building Supply Butcher Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

2,581
Businesses Nearby

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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - UMX-zoned urban property combines retail space with a varied residential unit mix and substantial recent improvements.
Where is this mixed-use property located?
The property is located at 719 Princess St Wilmington, NC.
What are key features of this property?
This property features: 8‑unit mixed‑use configuration with 1 retail space and 7 residential units; Residential mix includes 4 one‑bedroom units, 2 studio units, and 1 two‑bedroom unit; Extensive renovations completed 2021‑2022, including full interior improvements
More about this property
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