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    Historic St Wilmington, NC 28401

    Sponsored
    For Sale
    $225,000

    Charming Bistro, High Traffic, Established Business

    Property size:
    1,437 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This thriving bistro, located on a historic street in Wilmington, NC's vibrant downtown district, presents a unique investment opportunity. The 1,437 square foot space, currently operating under a lease expiring November 30, 2026, boasts a charming, quaint cottage atmosphere. The business enjoys significant online presence, evidenced by over 3,400 average monthly website visits, a 4.5-star Google rating from over 382 reviews, a top-2 Yelp ranking for downtown breakfast, and a strong social media following exceeding 1,500 Instagram and 2,500 Facebook followers. The bistro specializes in chef-crafted breakfast, lunch, and popular Sunday brunches, attracting a diverse clientele. The current owners are willing to provide a limited period of support and training to ensure a smooth transition for the new owners, facilitating a seamless takeover. This turnkey operation offers a compelling chance to acquire a well-established and profitable business in a prime downtown location. The zip code is 28401. This is an exceptional opportunity for an experienced restaurateur or a savvy investor seeking a proven, successful business model in a desirable market.

    Property Features for 0 Historic St

    General Information

    Property type
    Investment properties
    Square Feet
    1,437 SF

    HighLights

    • Asking Price: $225,000 for this established bistro.
    • Property Type: Profitable, established business for sale in downtown Wilmington, NC.
    • Lease Terms: Current lease expires November 30, 2026.
    • Building Size: 1,437 square feet of net rentable space.
    • Location: Highly desirable historic district in downtown Wilmington, NC (zip code 28401).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9852853
    Latitude
    34.3023653

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    FAQs

    What type of property is this?
    Investment property - Charming Bistro, High Traffic, Established Business
    Where is this investment property located?
    The property is located at Historic St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Asking Price: $225,000 for this established bistro.; Property Type: Profitable, established business for sale in downtown Wilmington, NC.; Lease Terms: Current lease expires November 30, 2026.
    (910) 519-3003
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    Historic St Wilmington, NC 28401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Historic St Wilmington, NC 28401
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