103 Front St Wilmington, NC 28401
- Commercial real estate
- 3,000 SF
Current Use by Public Records
- American Craft Walk Wilmington / Festival
- MoMentum Companies / Real Estate Agency / Business Broker
Property Details for 103 Front St
- Year built
- 1989
- Property size
- 3,000 SF
- Property type
- Commercial real estate
Description
This exceptional opportunity presents a fully operational, second-generation restaurant for sale in Wilmington, NC's vibrant downtown. Located at 103 S Front St, this 3,040 square foot space, built in 1989 and renovated in 2021, is situated in a high-traffic area, a short walk from the Live Oak Amphitheater and minutes from the heart of downtown. The property features a fully built-out kitchen, bar, and dining area, with all furniture, fixtures, and equipment included. The single-unit space benefits from ample free street parking and excellent visibility, enhancing its appeal. The current lease is a NNN (Net, Net, Net) agreement with a remaining term of approximately 1.2 years, expiring January 31, 2026, and includes a 5-year extension option. Rent increases are capped at 3% annually. The property is zoned CBD-CENTRAL BUSINESS DIS, reflecting its prime location within Wilmington's thriving central business district. This asset sale includes all FF&E (Furniture, Fixtures, and Equipment) and involves a sublease or assignment of the existing lease. The asking price is $275,000. Due to the confidential nature of this listing, a Non-Disclosure Agreement (NDA) and proof of funds are required before specific details are disclosed. This is a rare chance to acquire a turnkey restaurant in a highly sought-after location within a rapidly growing market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9483
- Latitude
- 34.2339
