Better Commercial / Investment Results

 

107 S. Front Street
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Constructed in 1911 but fully renovated in the late 1990s, the historic Bellamy Building combines Front Street retail or office space with three apartments of exceptional character, including a spectacular 3000 plus square foot third floor penthouse. The first level is currently available for immediate occupancy.
 


The Building

•  9500 Gross Square Feet
•  Built 1911, brick and limestone
•  Fully renovated late 1990s
•  Individually metered electric and natural gas
•  All suites have rear porch access

1st Level - Commercial
•  3000 Gross Square Feet (40'10" x 74')
•  High ceilings, tile floors
•  Access to rear alley

2nd Level - Apartments
•  3250 Gross Square Feet
•  South Unit - 2 bedrooms, 2 baths,
  hardwood floors and fireplace
• North Unit - 2 bedrooms, 3 baths,
  hardwood floors
3rd Level - Penthouse
•  3250 Gross Square Feet
•  2 bedrooms, 3 baths
•  Three Fireplaces
•  Hardwood floors
•  Outstanding river view
•  Skylights
•  Kitchen includes 3 ovens, 2 gas Jenn-Aire ranges, Sub-Zero fridge, microwave
   

The Lot

•  5637 Square Feet
•  40.8' frontage on Front Street
•  Also accessed by alley in rear
•  Four off-street parking spaces
•  Zoned Central Business District (CBD)
•  Municipal Water and Sewer
•  Tax Parcel 5308-004-003, Deed Book 2545, page 482

2003 Income Overview

1st Level - $ 3,000 per month
2nd Level - $ 850 per month, $1,000 per month
3rd Level - $ 2,500 per month

Totals - $7,350 per month

 Offering Sale $970,000

Call Jim Quinn (910) 251-2211 or Mike Nadeau (910) 270-5100

Creative Properties, Inc. reasonably believes the information shown herein is fairly and accurately stated.  However any prospective purchaser is urged to independently confirm its accuracy and completeness.

 

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Contact Creative Properties today for additional information on this commercial real estate listing
or for a FREE commercial property evaluation. 
 

Hampstead Office
15894 Highway 17 North
Hampstead, NC 28443
Phone: (910)
270-5100
Fax: (910) 270-5110

Mike Nadeau
Cell: (910) 620-1237

E-mail
 

Wilmington Office
201 North Front St.  #602
Wilmington, NC 28401
Phone: (910) 251-2211
Fax: (910) 251-2218

Jim Quinn
Cell: (910) 520-2807

E-mail
 

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