Mixed Use Building North Front Street

Highlights

• Mixed use building in the heart of downtown Wilmington, NC
• 2 Leased Retail Units
• 8 Apartments
• (5) 2bedroom/ 1 bath apartments
• (3) 1 bedroom/1 bath apartments
• 6 parking spaces
• Exposed brick interior walls
• Beautiful original wood floors
• High ceilings and large windows
• Zoning allows for a wide range of uses

Description

Prominent mixed use building available for purchase in the heart of Downtown Wilmington, the thriving business district during the day and happening night life hub in the after hours.
248 N. Front is a mixed use building consisting of 2 retail / business units on the first floor, both currently leased, two upper floors with 8 apartment units (5) 2 bed/1 bath, (3) 1 bed/1bath, and a mezzanine storage and utility floor. The 8 apartment units are not subject to leases( owner is taking limited VRBO reservations), one unit is occupied on month to month basis.
Potential uses for the upstairs units include long and short term residential rentals, more of a boutique hotel model, offices or more perhaps something more creative. CBD zoning allows for many possibilities. The units feature high ceilings, some with huge views of front street activity, interior brick walls, original hardwood flooring, and various enhancements to make each one unique. The 2nd and 3rd floors each have common washer and dryer stations in the hallway.
Units are individually metered for electricity. Water and sewer are commonly metered.
The building comes with 6 parking spaces, which are accessed via Dickinson Alley from Chestnut St. (beside The Copper Penny).
Historically, this property held the address of 214 N Front St and was originally constructed as a dry goods store in 1908 to provide the Wilmington community retail apparel and home goods. Over the years the building has been renovated to meet the needs of various business operations.
In 2010, the property was set up as a condos, and then soon after terminated. Those documents were recorded and are still accessible therefore creating a path back to that ownership structure if a new owner so desired.
Purchase your piece of Downtown Wilmington’s iconic history and be a part of its bright future.
Please do not disturb tenants or guests. The retail business and retail inventory are NOT for sale. Contact listing agent with any questions and to schedule a showing. Listing agent must be present at all showings.

Central Business District of Downtown Wilmington, NC

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