Property profile

1120 Princess St Wilmington, NC 28401

OFF-MARKET
Turn key restaurants
Property ID
US53-1112635
1,540 SF 0.06 ac lot Built 1951
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This urban mixed-use property includes a 1,516-square-foot multipurpose main building, a 163-square-foot greenhouse, and a 124-square-foot storage shed on 0.239 acres (10,411 square feet) of land. The site also has an open parking and storage area providing approximately 7,900 square feet of additional space. Located in the Soda Pop District, the main building has historically supported restaurants, catering operations, general businesses, and art-related facilities. The building is equipped with a hood system and other food service equipment, and the overall configuration is suited for a variety of commercial uses.

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

Current use

Occupant on record · Public records
  • Art Gallery
  • (Bike/Boat/Book/etc) Store Home Decor Store

Location

1120 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
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$435k

Owner & transaction history

since 2026
Last sale
$365,000
4 recorded transactions
2026
$895,000
2021
$365,000
2018
Price N/A
1969
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1120 Princess St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message