216-220 N Front St
Wilmington, NC 28401
Retail Property For Sale

This historic building has been completely restored and updated. All new plumbing, electrical, sprinkler, HVAC, elevator, etc. Each of the 3 floors has approximately 3,100 sf of usable area. Ground floor retail has 16 ft ceilings with a Mezzanine and outdoor garden. Second floor office space has 12 ft Ceilings and the third floor luxury loft style apartment with 2 bedrooms and 2.5 baths has 14 ft ceilings. Many historic elements have been faithfully restored including the heart pine flooring and masonry work. The 3rd floor loft apartment has elevator access with a private rear entrance, an oversized chef's kitchen featuring 40 ft of countertop, Wolf gas stove, two ovens, commercial hood and stainless appliances. There is also a large attic space not included in sf numbers which is ideal for extra storage. The property is being sold vacant, allowing for a new owner occupant or investor to decide on the ultimate use. At current rental rates with ground floor retail, second floor office space and high end loft apartment on the third floor, the property could net around $230,000 (7% cap rate).