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    244 Princess St Wilmington, NC 28401

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Retail/Office, Princess Street

    Lot size:
    2,016 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,016 square-foot retail space, located at 244 Princess Street in Wilmington, NC's vibrant Central Business District, presents a unique investment opportunity. Built in 1941, this two-story building boasts a prominent street-level presence with a large storefront window ensuring high visibility. The interior layout is ideal for office or retail use, featuring a spacious reception/waiting area, seven private offices, a break room, and two restrooms. The space is divided between approximately 900 square feet on the street level and 1100 square feet on the lower level

    Property Features for 244 Princess St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,016 SF

    Building Details

    Year Built
    1941
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    2,016 SF
    Rate per SF
    $22

    HighLights

    • 2,016 SF retail space in Wilmington, NC's Central Business District.
    • Prominent street‑level presence with large storefront in a 1941 building.
    • Ideal for office or retail use with seven private offices, reception area, break room, and two restrooms.
    • Two‑story layout: ~900 SF on street level and ~1100 SF on lower level.
    Property Profile Location Intelligence

    Current Use by Public Records

    Carolinas Insurance Insurance Agency Grayson H Cheek, ... Trial Attorney CMIT Solutions Computer Support And Services Local Shade Women'S Clothing Store Bauen Group, Inc Contractor

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.946409667208
    Latitude
    34.236664808319

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    FAQs

    What type of property is this?
    Retail property - Prime Retail/Office, Princess Street
    Where is this retail property located?
    The property is located at 244 Princess St Wilmington, NC.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 2,016 SF retail space in Wilmington, NC's Central Business District.; Prominent street-level presence with large storefront in a 1941 building.; Ideal for office or retail use with seven private offices, reception area, break room, and two restrooms.
    Request Owner's contact information
    244 Princess St Wilmington, NC 28401
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    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
    244 Princess St Wilmington, NC 28401
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