122 Princess St, Wilmington, NC


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Square feet

About 122 Princess St

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.

Features of 122 Princess St

MLS® # 100410380
Price $300,000
Bathrooms 0.00
Square Footage 2,000
Acres 0.00
Year Built 1936
Type Commercial
Sub-Type Commercial, Other, Retail
Status Active

Community Information

Address 122 Princess St
Area Downtown
Subdivision Downtown
City Wilmington
County New Hanover
State NC
Zip Code 28401


Lot Description n/a

Additional Information

Date Listed October 18th, 2023
Days on Market 41
Zoning CB
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Innovate-Wilmington

Listing Map

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