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722 S 17th Street
Wilmington, NC 28401
Asking Price
$2.65M
Asset Type
Storefront Retail
Class
Class B
What's Special
Retail | 10,088 SqFt <ul><li>10,088 SF freestanding building</li><li>Built 2014</li><li>Retail-ready condition</li><li>1.5-acre corner lot located on Wooster St & S. 17th St.</li><li>UMX zoning: broadest permitted use set in the Wilmington LDC.</li><li>Permitted uses include retail, restaurant, office, hotel, brewery, fitness, live-work, residential above commercial, and more.</li><li>Redevelopment potential for mixed-use project on 1.5 acres.</li><li>Located in the Cargo District, Wilmington's premier urban
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NOI
$80,000
Cap Rate
3.02%
DSCR
0.51
Underwater
Cash-on-Cash
-9.73%
Monthly Payment
$13,110.754
Annual Cash Flow
$-77,329.049
