1120 Princess Street Wilmington, NC ^$ 895,000

1120 Princess Street

^$ 895,000

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1120 Princess Street

Wilmington, NC, 28401

^$ 895,000

Bedrooms-- Baths-- Sq 1,516

Monthly Estimate*

^$ 5,511

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Commercial Property for sale in Wilmington, NC

for $895,000. This 1,516 square foot building was built in 1951 on a lot size of 0.24.

Urban Mixed use property consisting of 10,411 SF(.239 acres) of land with a 1516 SF multipurpose building, 163 SF Greenhouse and 124 SF storage shed. In addition to the buildings you have an open parking/storage area that is approximately 7900 SF. This property is located in the heart of the Soda Pop District. This building has houses restaurants, catering companies, Businesses, Art Facilities and , much more. The main building has a hood system and other food server equipment in place. The opportunities for this property are wide open.

Commercial Active

Price

^$ 895,000

Property Type

Commercial

Taxes

^$ 0

Style

Improved

Lot Size

0.24

Year Built

1951

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100471690

Features

General

Heating Electric Forced Air

Cooling Central Air

Utilities Natural Gas Available Water Available

Possession Close Of Escrow At Closing

Roof Shingle

Zoning UMX

Construction Materials Brick Veneer

Occupancy 100.0

Year Built 1951

Property Subtype Improved

Tax Year 2024

Current Use Retail Office Commercial Office2 Gallery and Office

Location Gen Bus District

Parcel Number R04818-019-011-000

Business Type Professional/Office Mixed Retail Commercial Other Building Supply Business Service Food Service

Waterfront Features None

County New Hanover

New Construction N

Property Type Commercial Sale

In City Limits? (Y/N) Y

Association Amenities See Remarks

HOA N

Attached Garage N

Subdivision Name Not In Subdivision

Garage Y/N N

Status Active

Buyer Financing Seller Financing

Directions From Downtown take Market Street east. Turn left on S 10th Street and then right on to Princess Street. Property is at the corner of S 12th and Princess Street.

City Wilmington

Lot Size Units Acres

Lot Size Square Feet 10411.0

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Showing Instructions Appt Required Tenants

Home Warranty Y/N N

Lease Considered Y/N N

Virtual Tour https://sites.uniquemediadesign.com/1120princessstreet?mls

Availability Date 2024-10-18

Standard Status Active

Tax Assessed Value 384800

Legal Description Blk 175 E End 1 Pt 2 Wilm Tract 1B-1R Wishon Division Child Split from R04818-019-001-000

Interior

Basement None

Flooring Concrete

Water Heater Electric

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Attic Features Access Only

Total Baths 0

Exterior

Exterior Finish Brick Veneer

Parking Features Private Paved

Lot Features Open Lot

Water Source Public

Total Parking 10.0

Lot Size Area 0.24

Foundation Details Slab

Spa N

Building Area Total 1516

Lot Dimensions 131 x 83 x 131 x 75

Lot Size Acres 0.24

Road Surface Type Paved

Waterfront Y/N N

Road Frontage Type City Street State Road 2 - 3 Lanes Paved

Crops Included Y/N N

Horse Y/N N

Internal Only

Street Number 1 1120

* Excluded Features

List By

Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Affordability Calculator

$5,511

Per Month

Monthly Principal & Interest: $5,511
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, NC

Average List Price ^$1,418,120

Percent of Sale Price 58%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/14/2025	$895,000	-9.14%	Price Down
9/3/2025	$985,000	-10.05%	Price Down
4/28/2025	$1,095,000	-8.37%	Price Down
10/18/2024	$1,195,000		Listed Price

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1120 Princess Street, Wilmington, NC, 28401 is a Commercial Property for sale at $895,000 with 1,516 sqft and a lot size of 0.24. 1120 Princess Street was built in 1951. The property's zip code is 28401 which is in Wilmington, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Copyright 2019 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.

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1120 Princess Street

Commercial Property for sale in Wilmington, NC

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