1007 N 4th Street, Wilmington, NC 28401

$1,299,000
2,005
SqFt
List Price
$1,299,000
Status
ACTIVE
MLS#
100244883
Days on Market
79
Year Built
1960
Half-baths
1
Living Area
2,005
Acres
0.34
Neighborhood
Downtown

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.

Additional Information

Occupancy %
100.00
Taxes
$2,858
Cooling
Central
Heating
Electric
Floors
Concrete
Foundation
Slab
Roof
Membrane
Exterior Finish
Block, Glass, Stucco
Lot Water Features
None
Sewer
City Water, Municipal Sewer, Natural Gas Available

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp.

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