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    FOR SALE
    Turn key restaurants

    1120 Princess St, Wilmington, NC 28401

    1,540 SF 0.06 ac lot Built 1951
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US53-1112635
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 1120 PRINCESS Street in Wilmington, North Carolina, presents a unique investment opportunity. Boasting a generous 1,516 square feet of space, this property sits on a sizable 0.24-acre lot, offering ample room for expansion or outdoor utilization. The building's versatile "Other" classification allows for a wide range of potential uses, making it ideal for entrepreneurs and businesses seeking a flexible and adaptable space. The property's prime location in Wilmington provides excellent visibility and accessibility, placing it within easy reach of the city's vibrant commercial district and its diverse population. The asking price of $1,195,000 reflects the property's significant potential and strategic location. This is a rare chance to acquire a substantial commercial property in a thriving North Carolina market. The property's size and location make it suitable for a variety of commercial ventures, from retail spaces to offices, or even a combination of uses. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this opportunity to secure a valuable asset in a dynamic and growing city.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1951
    Construction WOOD FRAME
    Total area 1,540 SF
    Lot 0.06 ac (2,483 SF)
    Zoning code UMX
    APN R04818-019-011-000
    UPID US53-1112635
    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
    Current use
    Occupant on record · Public records
    • Soda Pop Gallery Art Gallery
    • Seacoast Systems Inc (Bike/Boat/Book/etc) Store Home Decor Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lazy Fare Holdings LLC
    Lazy Fare Holdings LLC
    since 2026
    Last sale
    $365,000
    4 recorded transactions
    2026
    $895,000
    2021
    $365,000
    2018
    1969
    Zoning & alternative use
    UMX · Wilmington, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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