1108 Princess Street

    Wilmington, NC 28401
    • $1,300,000
    • STATUS: Active
    • ON SITE: 4 days
    • MLS #: 100194864
    New On Site 4 Days Ago
    UPDATED: 18 min ago
    $1,300,000
    • 0
      BEDS
    • 0.69
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,098
      SQFT
    • $117
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Myriad options for redevelopment, current use or repurposing are presented with this excellently positioned property in the Princess St. UMX corridor. The interior features more than 11,000sf of predominantly clear span interior with office space and two bathrooms framed in the front and two larger locker rooms in the rear. The exterior provides one roll up dock-high door and five pedestrian doors positioned around the building for multiple points of ingress and egress plus asphalt surface parking with 37 spots.The site features approximately 200' of frontage on Princess and 151' on N 11th with the curb cut and driveway on N. 11th. Adjacent to the Soda Pop District, other nearby redevelopment projects, and less than a mile from Historic Downtown, the location is highly walkable and provides easy access to local highways and interstates. UMX zoning allows 45' building height by right with up to 75' via the Special Use Permit process. The building is clear spanned and could easily have all partition walls removed to provide a blank shell to partition into a multitude of uses. The truss height could allow a mezzanine or the creation of multiple two story apartments. Other potential uses include a live music venue, brewery/distillery, gym(current use), residential or a mix of a variety of uses. Further development potential exists on the remainder of the lot.The greater Downtown area has been experiencing robust developer investment with the trend expected to continue for many years to come. The Greater Wilmington Area is one of the fastest growing in North Carolina with ever increasing demand and the resulting inventory shortage for office and retail space as well as housing.

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    © 2019 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2019-12-06T22:55:37.727.
    wilmington.chrisluther.com/homes/101365816

    1108 Princess Street Wilmington, NC 28401

    • Price: $1,300,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 100194864
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.69
    Acres
    11,098
    SQFT
    $117
    $/SQFT
    1950
    Built
    Neighborhood:
    Not In Subdivision
    County:
    New Hanover
    Area:
    Wilmington
    Property Description
    Myriad options for redevelopment, current use or repurposing are presented with this excellently positioned property in the Princess St. UMX corridor. The interior features more than 11,000sf of predominantly clear span interior with office space and two bathrooms framed in the front and two larger locker rooms in the rear. The exterior provides one roll up dock-high door and five pedestrian doors positioned around the building for multiple points of ingress and egress plus asphalt surface parking with 37 spots.The site features approximately 200' of frontage on Princess and 151' on N 11th with the curb cut and driveway on N. 11th. Adjacent to the Soda Pop District, other nearby redevelopment projects, and less than a mile from Historic Downtown, the location is highly walkable and provides easy access to local highways and interstates. UMX zoning allows 45' building height by right with up to 75' via the Special Use Permit process. The building is clear spanned and could easily have all partition walls removed to provide a blank shell to partition into a multitude of uses. The truss height could allow a mezzanine or the creation of multiple two story apartments. Other potential uses include a live music venue, brewery/distillery, gym(current use), residential or a mix of a variety of uses. Further development potential exists on the remainder of the lot.The greater Downtown area has been experiencing robust developer investment with the trend expected to continue for many years to come. The Greater Wilmington Area is one of the fastest growing in North Carolina with ever increasing demand and the resulting inventory shortage for office and retail space as well as housing.
    Exterior Features

    Construction BlockBrick/Stone Exterior Finish Brick Foundation RaisedSlab Location Gen Bus District Location Type Mainland Lot Description Corner Lot Lot Dimensions 200X150x199x151 Number Of Parking Spaces 37 Parking Driveway Off StreetOn SitePaved Road Type Frontage PavedPublic (City/Cty/St) Roof MembraneSteel Joists/Truss

    Interior Features

    Cooling System Central Flooring Concrete Heating System Natural Gas Sq Ft Apx Total 11098.00 Sq Ft Total Available 11098.00 Water Heater Electric

    Property Features

    Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Features Delivery DoorElectric 3 PhaseLoading DockOverhead DoorsReception AreaSee RemarksStorage Inside Commercial Sub Type Auto RelatedBusiness FlexFood ServiceHotel/MotelIndustrialMedicalMixed UseOfficeOtherRetailSelf StorageShopping CenterWarehouse County Highway Less Than 5 Miles Electric Provider Duke Progress Energy Hoa YN No Interstate Less Than 5 Miles New Construction No Port Less Than 5 Miles Possession At Closing Rail 6 - 10 Miles Sale Lease Includes BuildingsLandSee Remarks Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2018 Terms 1031 ExchangeCash Water Provider Cape Fear Public Utility Authority Water Sewer Municipal SewerMunicipal WaterNatural Gas Connected Zoning Umx



    Listing information © 2019 NCRMLS
    Listing provided courtesy of Eric G Knight of Nest Realty.


    © 2019 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2019-12-06T22:55:37.727.
     
    The Chris Luther Team | EXP Realty
    1508 Military Cut Off Road #305
    Wilmington NC, 28403