Waterfront
Address
1007 N 4th Street Wilmington, NC
Price
$ 1,299,000
Property Attributes
  • MLS#100244883
  • TypeCommercial
  • CountyNEW HANOVER
  • CityWilmington
  • AreaDowntown
  • NeighborhoodWilmington
  • Zip28401
  • StyleBusiness Flex,Food Service,Mixed Use,Office,,Retai
  • Year Built1960
  • Taxes2858
  • Price$ 1,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
Intracoastal Realty Corp
Property Description

Business opportunity available. Currently offering the combination of a fully unfitted commercial building, commercially zoned land and successful business, all located in Wilmington's rapidly developing Central Business District. Palate Bottle Shop and Reserve is a well know and loved social destination in the North 4th area of Wilmington. The building is a combination of a little over 2,967 SF of retail and entertainment space that is placed on a .34 acre parcel of land located in one of the fastest growing areas in Wilmington. This is a unique opportunity to acquire a successfully turn key business with additional space available for commercial development. The business model in place has been able to increase sale during the challenge of COVID . The land placement opens up the opportunity to develop the site to add additional commercial and residential units. Current ownership and management have established a business, marketing and management plan to assist in the business's continued success. The development in the surrounding business and residential neighborhoods have expanded the investment potential for this offering. This location is close to the Cape Fear River Walk, Marina, Wilson Center, Convention Center, River Front Park and an area slated for over $300 Million Dollars of additional development projects.

Price History
11/9/2020 Listed $1,299,000

General Features

Airport Less than 5 Miles
City Limits Yes
Construction Block
County New Hanover
Days on Market 13
Flooring Concrete
HOA No
HOA Amenities See Remarks
Location Cent Business District
New Construction No
Number of Units 1
Property Type G
Roof Membrane
Status Active
Stipulation of Sale None
Sub-Type Business Flex, Food Service, Mixed Use, Office, Other, Retail, Warehouse
Subdivision Downtown
Tax Year 2020
Terms 1031 Exchange, Cash, Conventional, SBA
Utilities City Water, Municipal Sewer, Natural Gas Available
Virtual Tour http://1007north4thstreet.com?mls
Year Built 1960
Zoning CBD

Interior Features

Attic None
Basement None
Ceiling Height 10.00
Cooling System Central
Heated Area 2005.00
Heating Electric

Exterior Features

Exterior Finish Block, Glass, Stucco
Foundation Slab
Lot Acres 0.34
Lot Description Corner Lot
Lot Dimensions vary
Lot Water Feature None
Number of Parking Spaces 8

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28401

Price
AVG $750K
$1.3M
Taxes
AVG $3,553
$2,858
Visits
AVG 13
2
Year Built
AVG 1946
1960
Walkscore
AVG 67
53
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.