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    OFF-MARKET
    Commercial real estate

    3 Confidential St, Wilmington, NC 28401

    1,437 SF
    Property ID
    Property summary
    AI-generated overview

    This thriving bistro, located in Wilmington, NC's desirable downtown district, is a turnkey opportunity for an ambitious restaurateur. Occupying a charming, historic cottage with 1,437 square feet of net rentable space, the business boasts a strong reputation and loyal customer base. The lease on the building extends until November 30, 2026, providing ample time to establish and grow the business. The bistro's success is evident in its impressive online presence, including over 3,400 average monthly website visits, a 4.5-star Google rating based on 382+ reviews, and a top ranking on Yelp as a "Best Breakfast Spot Downtown." Further enhancing its reach, the business maintains a significant social media following with over 1,500 Instagram followers and 2,500 Facebook followers. The current owners are committed to a smooth transition and will provide limited support and training to the new owners, ensuring a seamless handover. The asking price for this established and profitable business is $225,000. The property is zoned UMx and the business is available for occupancy on September 15, 2024. This is a rare opportunity to acquire a well-established, profitable business in a prime downtown location.

    Property profile
    Verified
    Property type Commercial real estate
    Total area 1,437 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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