603 Castle Street, Wilmington, NC 28401

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Michael L.

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Building Details:

• Year Built: 1942

603 Castle Street is aretail property for lease in Wilmington, NC.

Great building with a good tenant in-place. It generates $24,900 in annual rent. The tenant is in-place for a medium term. This is good investment deal. Call for details.

Great building with exposed brick walls, high ceilings, big retail windows, grease trap, floor drains, 3 phase power, newer HVAC , newer roof and large neighboring green-space also available. Located in great walk-able neighborhood with lots of loyal customers and foot traffic. Located next to a popular wine bar, coffee shop, art galleries and the upscale Rx restaurant. They just built 12 two bedroom apartments across the street.

Initial lease term runs until 3-1-2018. The tenant has (2) one year extensions, if they exercise the extensions, the rent can be increased up to 8 %

Good future uses for the building include a restaurant, retail stores, pizza, gyms, galleries, events spaces, offices and other uses.

Located on the sunny side of the street. Building also has water & sewer hook-ups on both sides of the building. The neighboring corner lot is also available to for purchase. Package deal on both. It is approx 2400 SQFT of green-space. Great for a restaurant deck,patio or gardens. Neighboring lot MLS # 613143. Other ideal uses for building organic grocery store, creative studio, event space, comedy club and other retail uses. See floor plan drawings showing existing fixtures.

DIRECTIONS: From 3rd St. head to Castle and go up to 6th and Castle

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