255 N Front St

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255 N Front St

wilmington, NC 28401
Asking Price
$2.50M
Asset Type
Retail
Class
Class B

What's Special

255 N Front St is situated in the historic downtown district of Wilmington, North Carolina. The property sits within a high-traffic pedestrian corridor characterized by a mix of historic architecture, local boutiques, and established restaurants. It is located two blocks from the Cape Fear Riverwalk and is in close proximity to the Live Oak Bank Pavilion and several major hotels. The location is accessible via the downtown trolley system and is within walking distance of several public parking decks and major surface streets. The space is suited for retail concepts that benefit from consistent tourist activity and a growing residential population. Ideal use cases include specialty apparel, galleries, or service-oriented retail. Typical tenants for this neighborhood are often established local businesses or regional brands seeking visibility in a dense urban environment. The layout provides flexibility for interior configurations, making it compatible with various floor plans and merchandising strategies common in urban storefronts.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

Location & Travel Times