Sq.Ft.2,000
Year1936
Smith & Associates Real Estate Solutions
(252) 258-8168
Status:
Sold
Property Type:Commercial
MLS #:100410380
Sq. Feet:2,000
Date Sold:11/30/2023
County:New Hanover
Opportunity knocks!!! Are you ready to be in business for yourself?
This bar is one of Downtown Wilmington's oldest operating bars and the location has been the site of multiple watering holes for years! Locals and tourists alike know this property as the ''Go To'' for a good time in Wilmington.
Only 2 blocks to the Cape Fear Riverwalk and surrounded by all the hustle and bustle that Downtown has to offer. Plenty of foot traffic and still within range of pre and post game business from Live Oak Pavilion events. This successful business has had revenues that exceeded $700k in 2022 and 2023 is on it's way!
This business has experienced strong sales growth over the past 3 years and came out of COVID stronger than ever.. The current business offers 3 separate, fully equipped bar areas- Main floor with several TV's, pool table, and seating; an extra large patio space with outdoor bar and TVs; and a nightclub bar in the basement with LED laser lighting, DJ equipment/stand, and a full liquor license.
This is a turnkey business operation and the seller is willing to assist in the transition in order to ensure a smooth and seamless transaction.
Long term lease available with a very good landlord.
TONS of room for growth and expansion.
This business is exactly what you are looking for if you understand the value of a CASH business.
This bar is one of Downtown Wilmington's oldest operating bars and the location has been the site of multiple watering holes for years! Locals and tourists alike know this property as the ''Go To'' for a good time in Wilmington.
Only 2 blocks to the Cape Fear Riverwalk and surrounded by all the hustle and bustle that Downtown has to offer. Plenty of foot traffic and still within range of pre and post game business from Live Oak Pavilion events. This successful business has had revenues that exceeded $700k in 2022 and 2023 is on it's way!
This business has experienced strong sales growth over the past 3 years and came out of COVID stronger than ever.. The current business offers 3 separate, fully equipped bar areas- Main floor with several TV's, pool table, and seating; an extra large patio space with outdoor bar and TVs; and a nightclub bar in the basement with LED laser lighting, DJ equipment/stand, and a full liquor license.
This is a turnkey business operation and the seller is willing to assist in the transition in order to ensure a smooth and seamless transaction.
Long term lease available with a very good landlord.
TONS of room for growth and expansion.
This business is exactly what you are looking for if you understand the value of a CASH business.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 12/1/2023 | $300,000 | $250,000 | -16.7% |
Community Information
Address:122 Princess St, Wilmington, NC 28401
County:New Hanover
City:Wilmington
Secondary Subdivision:N/A
Subdivision:Downtown
Zip Code:28401
Features / Amenities
Heating: Electric
Property Features
Lot Dimensions:n/a
Zoning:CB
Directions:Will provide when confirming appointments
Tax and Financial Info
Buyer Agency Compensation Type: %
Tax Year: 2023
Listing Terms: Cash, Seller Financing
Buyer Financing: Seller Financing
Schools
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Listing provided courtesy of Keller Williams Realty.
