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$ 896,000

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1203 Princess ST Wilmington, NC 28401

2,090 SqFt

UPDATED:

09/17/2024 01:27 PM

Key Details

Property Type Commercial

Sub Type Improved

Listing Status Active

Purchase Type For Sale

Square Footage 2,090 sqft

Price per Sqft $428

Subdivision Not In Subdivision

MLS Listing ID 100464449

Style Wood Frame

HOA Y/N No

Originating Board North Carolina Regional MLS

Year Built 1928

Annual Tax Amount $1,406

Lot Size 8,320 Sqft

Acres 0.19

Lot Dimensions 66 x 124

Property Description

Unique commercial property opportunity in the Wilmington Soda Pop District. The Folk Cafe Building consisting of a retail/cafe store front and residential unit that sits prominently at the corner of Princess Street and N 12th Street. Folks has been a tradition and community staple in this area for years. The existing building consist of a total of 2090 square feet(800 SF for the Cafe and 1290 for the residence). This corner lot size is just under .2 acres and located in a Urban Mix Zoned area. The property was recently rezoned to UMX conditional. The rezoning also authorize the placement of an addition residence on the site. In addition to the cafe and residence, there a spacious patio and back yard to enhance the business and the residence. This property has frontage on Princess and N 12th Street. It also as the benefit of an alley way to the north as another access options. This type of live, work and play opportunity does not come up often. The growth in the area definitely lends this property to continued growth.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning UMX-Conditional

Direction From Downtown take Market Street East, turn left on N 10th, then right on Princess and property is on the left at the corner of Princess and N 12th.

Rooms

Basement Crawl Space, None

Interior

Heating Electric, Forced Air

Cooling Central Air

Flooring Tile, Wood

Exterior

Garage Gravel, Off Street

Utilities Available Natural Gas Connected

Waterfront Description None

Roof Type Shingle

Parking Type Gravel, Off Street

Building

Lot Description See Remarks, Corner Lot

Sewer Municipal Sewer

Water Municipal Water

New Construction No

Others

Tax ID R04818-014-006-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Intracoastal Realty Corp

Lanier Property Group Team

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+1(910) 398-4304

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Wilmington, NC

Lanier Property Group Team

Lanier Property Group Team

1203 Princess ST Wilmington, NC 28401

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1203 Princess ST