Cape Fear Place

Three story mixed-use income producing building in the heart of Downtown Wilmington with 2 retail shops and 3 offices on the street level, 4 apartments on the mid level and 4 apartments on the upper level. The apartments are a mix of (3) one bedroom and (5) 2 bedroom units. 2 blocks from Cape Fear Community College and 3 blocks from the new Convention Center due to open this year. Front Street is one block from the Cape Fear river and has a 1.5 mile "Riverwalk" feature. The apartments were created from open space in 1996. So up to modern standards with old style charm of high ceilings, woood floors and some exposed brick walls. The lease history of all the spaces has been very high because of its location and the attractiveness of the shops and the apartments. See photos and income/expense information at our website.