116 Market Street

$1,375,000

Wilmington NC

Details

  • $1,375,000
  • For Sale , Commercial Building

This well located, century-old structure is best known for its first floor tenant, the historic Dixie Grill. The upper two floors have not been renovated but are in very good structural condition. The federal and state historic tax credits have not been utilized. This is an excellent opportunity to invest in Wilmington’s booming downtown.

THE BUILDING

  • 6,530 Square Feet
    – First Floor 3,050 Square Feet Leased To Dixie Grill
    – Second Floor 1,742 Square Feet Unfinished
    – Third Floor – 1,738 Square Feet Unfinished
  • Lot Footprint 25’ x 122’
  • New Hanover Tax Parcel ID R04720-012-005-000
  • Zoned CBD (HDO) – Central Business District (Historic District Overlay)
  • Year Built – Circa 1906

THE LOCATION

  • The Popular High Visibility 100 Block Of Market Street Between Front And Second Streets
  • On Street Metered Parking On All Surrounding Streets with A 500+ Space City Operated Parking Deck Across Market Street And A City Operated Surface Parking Lot Adjacent
  • Heavy Pedestrian Traffic Along Market Street

THE AREA
Downtown Is Enjoying An Unprecedented Growth Surge – Anchored By The New Convention Center. Current Projects Include New Retail, Offices, Apartments, Lodging And Restaurants.
www.WilmingtonDowntown.com

THE LEASE
Confidential – Please Contact The
Listing Agent For Details

THE OFFERING
$1,375,000

116 Market Street Brochure

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Agent(s) for this listing

Jim Quinn

Jim Quinn
Office: 910-251-2211
Mobile: 910-520-2807
Fax: 910-251-2218
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