218 N 3rd Street Wilmington, NC ^$ 4,000,000

218 N 3rd Street

^$ 4,000,000

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218 N 3rd Street

Wilmington, NC, 28401

^$ 4,000,000

Studio Baths0.0 Sq 8,141

Monthly Estimate*

^$ 26,585

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218 N 3rd Street, Wilmington, NC 28401 - Image 10

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Studio

Commercial Property for sale in Wilmington, NC

for $4,000,000. This 8,141 square foot building was built in 1941 on a lot size of 0.41.

Property is located in the middle of downtown Wilmington. The land footprint is .41 acres (17,795 sq ft). The parcel has about 132.07 feet of frontage on North 3r Street. The property is location in the CBD (Central Business District). By right you can build up to 100 Feet. This property is located close to the Courthouse, City of Wilmington Building, hotels, banks, Office Buildings, Convention Center and many local business and residential areas. There is a one Story 8,141 sq. ft. building onsite. Per the City of Wilmington, this building is not a contributing structure so it can be utilized or removed/demo for a complete re-development of this prime location in Wilmington's Central Business District.

Commercial Active

Price

^$ 4,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 4,418

Style

Business Service,Commercial,Hotel/Motel,Medical,Mi

Lot Size

0.41

Year Built

1941

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100389932

Features

Exterior

Lot Description Open

Foundation Brick/Mortar

Number of Parking Spaces 39

Exterior Finish Brick Stucco

Lot Dimensions 132x121x66x28x149

Parking Features Off Street On Site Paved Private

Lot Acres 0.41

Lot Water Feature None

Road Type/Frontage 4+ Lanes

General

Construction Block Wood Frame

Heating None

Cooling None

Utilities Community Sewer Available Community Water Available

Possession At Closing

Roof Metal

Water Heater None

current use Vacant

Zoning CBD

New Construction No

Subdivision Downtown

County New Hanover

Number of Units 1

Stipulation of Sale None

Property Type G

Terms Cash Conventional Seller Financing

Location Cent Business District

Auction No

Tax Year 2022

Status Active

Lot Sqft 17795.00

Days on Market 356

City Limits Yes

Sub-Type Business Service Commercial Hotel/Motel Medical Mixed Use Professional Service Retail Warehouse

Year Built 1941

City Wilmington

Airport Less than 5 Miles

County Highway Less than 5 Miles

Interstate Less than 5 Miles

Port 6 - 10 Miles

Rail 6 - 10 Miles

State Highway Less than 5 Miles

Virtual Tour http://sites.uniquemediadesign.com/218north3rdstreet?mls

Listing Member Name Jeffrey G Hovis

Location Type Mainland

Street Name 3rd

Co Listing Member Name Sky Grainger

Interior

Basement None

Flooring Carpet Concrete Tile

Attic Eave Storage Walk-In

Ceiling Height 16.00

List Price/SqFt 491.34

Internal Only

OriginalMLSID 100389932

* Excluded Features

List By

Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Affordability Calculator

$26,953

Per Month

Monthly Principal & Interest: $26,585
Monthly Property Taxes: $368
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, NC

Average List Price ^$832,530

Percent of Sale Price 79%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/8/2024	$3,295,000	-8.33%	Price Down
6/16/2023	$3,594,500		Listed Price

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218 N 3rd Street, Wilmington, NC, 28401 is a Commercial Property for sale at $4,000,000 with 8,141 sqft and a lot size of 0.41. 218 N 3rd Street is a studio with 0.0 baths and was built in 1941. The property's zip code is 28401 which is in Wilmington, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Copyright 2019 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

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218 N 3rd Street

Commercial Property for sale in Wilmington, NC

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