Property summary
This prime commercial property, located at 602 Red Cross Street in Wilmington's historic north side, offers 1,200 square feet of versatile space in a single-tenant building. Built in 1954, this masonry structure sits on a 0.14-acre corner lot, providing exceptional visibility and accessibility on a high-traffic street. The property features two roll-up bay doors, perfect for loading and unloading, along with a 200 square foot reception/office area and two exterior-access bathrooms. Ample parking is available with 10 spaces on-site. The flexible layout is ideal for adaptive reuse, making it suitable for a variety of businesses, from retail and workshops to studios and boutiques. The zoning is HD-MU. The property's location within the thriving Brooklyn North End redevelopment area offers significant growth potential. This modified gross lease requires the tenant to cover utilities and expenses, while the landlord covers taxes and building insurance. The property is ready for immediate occupancy. The APN is R04813-035-001-000. This is a one-story building with one building on the site.
Property profile
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Location
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Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
HD-MU · Wilmington, NCZoning
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