Property summary
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
VerifiedCap rate & NOI
Current use
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Gym & Fitness Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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. -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
UMX · Wilmington, NCustrial 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. -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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. -…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for UMX in Wilmington, NC.
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