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    1007 N 4th Street

    Wilmington, NC 28401
    • $1,299,000
    • STATUS: Active
    • ON SITE: 78 days
    • MLS #: 100244883
    UPDATED: 49 min ago
    $1,299,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,005
      SQFT
    • $648
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-01-27T20:58:08.8.
    www.thefinestatthecrystalcoast.com/homes/111728033
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    1007 N 4th Street Wilmington, NC 28401

    • Price: $1,299,000
    • Status: Active
    • Updated: 49 min ago
    • MLS #: 100244883
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    2,005
    SQFT
    $648
    $/SQFT
    1960
    Built
    Neighborhood:
    Downtown
    County:
    New Hanover
    Area:
    Wilmington
    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.
    Exterior Features

    Construction Block Exterior Finish BlockGlassStucco Foundation Slab Location Cent Business District Location Type Mainland Lot Description Corner Lot Lot Dimensions Vary Lot Water Features None Number Of Parking Spaces 8 Parking Driveway On SitePaved Road Type Frontage 2 - 3 LanesPavedPublic (City/Cty/St) Roof Membrane

    Interior Features

    Attic None Basement None Ceiling Height 10.00 Cooling System Central Flooring Concrete Heating System Electric Sq Ft Total Available 2967.00

    Property Features

    Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Features Ada CompliantFixtures/FurnitureRefrig StorageSecurity SystemStorage InsideWalk-in Cooler Commercial Sub Type Business FlexFood ServiceMixed UseOfficeOtherRetailWarehouse County Highway Less Than 5 Miles County Taxes 2858.00 Current Use Retail Electric Provider Duke Progress Energy Federal Flood Ins Avlbl Yes Financial Info Yes Green Building Features Led Lighting Hoa Amenities See Remarks Hoa YN No Interstate Less Than 5 Miles Lease Types See Remarks New Construction No Occupancy 100.00 Port Less Than 5 Miles Possession At Closing Property Taxes 2858.00 Rail Less Than 5 Miles Sale Lease Includes BuildingsBusinessEquipmentFixturesFurnitureInventoryLandLicenses/Permits Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2020 Terms 1031 ExchangeCashConventionalSba Water Provider Cape Fear Public Utility Authority Water Sewer City WaterMunicipal SewerNatural Gas Available Zoning Cbd



    Listing information © 2021 NCRMLS
    Listing provided courtesy of Jeffrey G Hovis of Intracoastal Realty Corp.


    © 2021 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2021-01-27T20:58:08.8.
     
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    Barefoot-Chandler & Associates
    8301 Emerald Drive
    Emerald Isle NC, 28594