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127-129 Barnes St W 4,614 SF 100% Leased Retail Building Wilson, NC 27893 $1,225,000 ($265.50/SF) 7.20% Cap Rate
Investment Highlights
- Historic 1924 brick property masterfully renovated into a mixed-use live/work configuration.
- Upper-level residential loft creates immediate dual-income potential.
- Includes adjoining vacant lot for future development or outdoor use.
- Ground floor designed for art exhibitions, gallery events, or creative office use.
- Located steps from Whirligig Park and Wilson Warbirds Stadium, near dining and downtown amenities.
- Fully occupied with the flexibility to adapt as an investor or owner-user.
Executive Summary
Mixed Use, Retail • 4,050 SF •
Sale includes .11 Acre lot for future development
Here is a rewritten, highly scannable, and polished version of your real estate listing, optimized to attract both creative buyers and serious investors.
------------------------------
The Edge Building: Iconic Historic Live/Work Space in Downtown Wilson
Own a piece of history and step into the future of downtown Wilson. This century-old brick building has been masterfully restored into a premier mixed-use hub for art, commerce, and modern urban living. [1, 2]
## Property Layout
* Lower Level: Open-concept art studio and gallery space. Proven track record for high-traffic exhibitions and events.
* Upper Level: Private residential living quarters. Features an industrial-chic design blending original historic character with modern charm. [3]
Location Highlights
* Vibrant Neighborhood: Situated in the heart of Wilson's active redevelopment corridor and thriving arts district.
* Immediate Proximity: Steps away from Vollis Simpson Whirligig Park and the brand-new Warbirds Stadium.
* Walkability: Short walk to local restaurants, coffee shops, breweries, and downtown community events. [4]
Investor & Buyer Potential
* Flexible Income: Dual-stream revenue potential via independent commercial and residential leasing.
* Multiple Exit Strategies: High-yield potential as a unique short-term rental, boutique creative office, or live/work investment.
* Ideal End-Users: Perfect for artists, entrepreneurs, or creatives seeking a high-visibility flagship presence.
Sale includes .11 Acre lot for future development
Here is a rewritten, highly scannable, and polished version of your real estate listing, optimized to attract both creative buyers and serious investors.
------------------------------
The Edge Building: Iconic Historic Live/Work Space in Downtown Wilson
Own a piece of history and step into the future of downtown Wilson. This century-old brick building has been masterfully restored into a premier mixed-use hub for art, commerce, and modern urban living. [1, 2]
## Property Layout
* Lower Level: Open-concept art studio and gallery space. Proven track record for high-traffic exhibitions and events.
* Upper Level: Private residential living quarters. Features an industrial-chic design blending original historic character with modern charm. [3]
Location Highlights
* Vibrant Neighborhood: Situated in the heart of Wilson's active redevelopment corridor and thriving arts district.
* Immediate Proximity: Steps away from Vollis Simpson Whirligig Park and the brand-new Warbirds Stadium.
* Walkability: Short walk to local restaurants, coffee shops, breweries, and downtown community events. [4]
Investor & Buyer Potential
* Flexible Income: Dual-stream revenue potential via independent commercial and residential leasing.
* Multiple Exit Strategies: High-yield potential as a unique short-term rental, boutique creative office, or live/work investment.
* Ideal End-Users: Perfect for artists, entrepreneurs, or creatives seeking a high-visibility flagship presence.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,614 SF
Building Class
C
Year Built/Renovated
1924/2018
Price
$1,225,000
Price Per SF
$265.50
Cap Rate
7.20%
NOI
$88,200
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.77
Lot Size
0.06 AC
Zoning
CCMX - Commercial Mixed-Use
Parking
130 Spaces (28.18 Spaces per 1,000 SF Leased)
Frontage
28’ on Barnes Street West
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3722-20-5668.000 | Improvements Assessment | $54,221 |
| Land Assessment | $10,395 | Total Assessment | $64,616 |
Property Taxes
Parcel Number
3722-20-5668.000
Land Assessment
$10,395
Improvements Assessment
$54,221
Total Assessment
$64,616
Contact
-
Abder Allan - Green Valley Realty
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127-129 Barnes St W