Property profile

1108 Princess St Wilmington, NC 28401

OFF-MARKET
Strip malls
Property ID
US53-1071502
11,080 SF 0.69 ac lot Built 1950
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1108 PRINCESS Street in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a substantial 11,430 square feet of space, this property sits on a generous 0.69-acre lot, offering ample room for expansion or development. The property's prime location in Wilmington ensures high visibility and accessibility, making it ideal for a variety of commercial uses. The asking price is $3,395,000. Given its size and location, this property is well-suited for businesses seeking a prominent presence in a thriving market. The substantial lot size provides significant potential for future development or expansion, catering to businesses with growing needs. The property's existing structure offers immediate occupancy, allowing for a quick start to operations. Its strategic location within Wilmington offers easy access to major transportation routes and a diverse customer base. This is a rare opportunity to acquire a significant commercial property in a desirable location, offering both immediate usability and long-term growth potential. Serious inquiries are encouraged to explore the possibilities this property presents. The property is classified as "Other," suggesting versatility in its potential uses. Further due diligence is recommended to determine the suitability for specific business plans.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1950
Construction CONCRETE
Total area 11,080 SF
Lot 0.69 ac (30,056 SF)
Zoning code UMX
APN R04818-019-001-000
UPID US53-1071502

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gym & Fitness Center

Location

1108 Princess St Wilmington, NC 28401-4336
Wilmington metro Census 10100 WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2017
7 recorded transactions
2026
Price N/A
2024
Price N/A
2021
Price N/A
2020
Price N/A
2017
Price N/A
2017
$63,500
2015
$375,000

Zoning & alternative use

UMX · Wilmington, NC
Zoning description

ustrial District. Sec. 18-200. - AI, Airport Industrial District. Sec. 18-201. - CEM, Cemetery District. Sec. 18-202. - RFMU, Riverfront Mixed Use District. Sec. 18-203. - RO, Residential Office District. Sec. 18-204. -…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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