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Property profile & analytics
OFF-MARKET
Retail space

1201 Castle St Wilmington, NC 28401

3,069 SF
Property ID
US53-1899896
Property summary
AI-generated overview

This exceptional 3,069 square foot storefront property at 1201 Castle Street, Wilmington, NC 28401, is offered at $495,000. Currently vacant, this unique commercial space presents a compelling opportunity for redevelopment or repurposing. Ideally situated at the corner of Castle and 12th Streets, it benefits from high visibility and convenient access to both the Cargo District and the Castle Street Arts District. The property boasts a total usable space of approximately 4,563 square feet, divided between a 3,108 square foot ground floor and a 1,455 square foot upper level. Multiple access points are available from the front, side, and rear of the building, enhancing functionality and flexibility. Zoned UMX, this property is perfectly suited for a mixed-use development project, allowing for a diverse range of creative uses. Its prime location and versatile zoning make it an attractive investment for discerning buyers seeking a high-impact commercial venture in a thriving urban area. The property's size and layout offer significant potential for customization and adaptation to meet the specific needs of a wide range of businesses. Don't miss this chance to acquire a truly unique and strategically located commercial property in the heart of Wilmington.

Property profile
Verified
Property type Retail space
Total area 3,069 SF
UPID US53-1899896
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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