224 S WATER ST Wilmington NC 28401

Rare opportunity to own restaurant space along Historic Downtown Wilmington's beautiful Riverwalk, recognized by USA Today as "Best American Riverfront". Annual pedestrian count along the Riverwalk is 1M+.

The restaurant space occupies 2 condo units totaling 1200 sf of interior dining room/bar/wine shop. There is 360 sf of covered exterior seating with ceiling fans and an additional 1200 sf uncovered space facing the Cape Fear River. Interior seating of 46 & outdoor seating 72+.

The Downtown Wilmington population is slated to double within the next year based on current construction of condos and upscale apartments along the Riverwalk. The new Riverfront Park and Amphitheater, located just down the Riverwalk, is opened in July and will seat 6800 people and host nationally recognized acts. Just across the Cape Fear River is Brunswick County, one of the fastest growing counties in the nation. New residents to that area tend to be early retirees relocating from major markets who are well educated, well travelled and support independently owned restaurants/businesses Downtown Wilmington.

Excellent investment purchase with A+ tenant under a 5 year lease beginning Sept. 1, 2021. HOA covers property insurance and all exterior maintenance. Owner only responsible for property taxes.​