3 Confidential St, Wilmington, NC 28401
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.