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127-129 Barnes St W 4,614 SF 100% Leased Retail Building Wilson, NC 27893 $1,740,357 CAD ($377.19 CAD/SF) 7.20% Cap Rate
Investment Highlights
- Historic 1924 brick property masterfully renovated into a mixed-use live/work configuration.
- Upper-level residential loft creates immediate dual-income potential.
- Includes adjoining vacant lot for future development or outdoor use.
- Ground floor designed for art exhibitions, gallery events, or creative office use.
- Located steps from Whirligig Park and Wilson Warbirds Stadium, near dining and downtown amenities.
- Fully occupied with the flexibility to adapt as an investor or owner-user.
Executive Summary
Great investment opportunity in the Wilson’s creative district with The Edge Building. Built in 1924 and fully renovated in 2016, this property blends historic architecture with adaptive reuse as a mixed-use live/work asset. Spanning approximately 4,050 square feet, the building features an expansive lower-level art studio and gallery complemented by an upper-level residential loft, fostering flexible income generation and lifestyle compatibility.
Positioned just steps from Vollis Simpson Whirligig Park and the Wilson Warbirds Stadium, the property sits within Wilson’s downtown revitalization corridor—a focal point for arts, culture, and urban redevelopment. Walkability to restaurants, retail, and cultural landmarks creates a compelling environment for tenants and visitors alike.
Property is available with adjoining vacant lot, offering room for expansion, outdoor activation, or parking solutions. The property is well know for as a creative venue and residence, providing a range of potential income opportunities, including live/work leasing, boutique retail conversions, or short-term rental plays.
Positioned just steps from Vollis Simpson Whirligig Park and the Wilson Warbirds Stadium, the property sits within Wilson’s downtown revitalization corridor—a focal point for arts, culture, and urban redevelopment. Walkability to restaurants, retail, and cultural landmarks creates a compelling environment for tenants and visitors alike.
Property is available with adjoining vacant lot, offering room for expansion, outdoor activation, or parking solutions. The property is well know for as a creative venue and residence, providing a range of potential income opportunities, including live/work leasing, boutique retail conversions, or short-term rental plays.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,614 SF
Building Class
C
Year Built/Renovated
1924/2018
Price
$1,740,357 CAD
Price Per SF
$377.19 CAD
Cap Rate
7.20%
NOI
$125,306 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.77
Lot Size
0.06 AC
Zoning
CCMX - Commercial Mixed-Use
Parking
130 Spaces (28.18 Spaces per 1,000 SF Leased)
Frontage
28’ on Barnes Street West
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3722-20-5668.000 | Improvements Assessment | $77,032 CAD |
| Land Assessment | $14,768 CAD | Total Assessment | $91,800 CAD |
Property Taxes
Parcel Number
3722-20-5668.000
Land Assessment
$14,768 CAD
Improvements Assessment
$77,032 CAD
Total Assessment
$91,800 CAD
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Presented by
Green Valley Realty
127-129 Barnes St W
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