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221 N 2nd Street

Wilmington, NC 28401
  • $3,075,000
  • STATUS: Active
  • ON SITE: 189 Days
  • MLS #: 100272627
$3,075,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 12,528
    SQFT
  • $245
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1913
County:
Area:

School Ratings & Info

Description

Great Investment and development opportunity right in the heart of Wilmington's Central Business District. This 12,528 square foot office building has been the home of a number of Wilmington's well known businesses and is currently occupied by a long-term tenant. The two-story structure sits on just over .27 acres of prime land, right downtown. The location is near shopping, restaurants, hotels, government offices, courthouse, and is surrounded by new development. Adjoining the building is a parking lot that provides convenience to the office and opens up a development opportunity too. The central business district zoning permits a wide range of uses and business classification by right. This property is an ideal candidate for additional in-fill that could substantially increase the usable foot print. The current code allows building height of 100 feet by right and 132 feet with a special use permit. Having the ability to build right up to the lot line further advances the building scale and footprint that could be achieved.A mixed use style structure combined with the existing well-maintained building opens up the opportunity for growth. Many upgrades and improvements to this property makes this a solid investment and an income generating opportunity.

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© 2021 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. Data last updated 2021-11-26T23:56:06.74.
www.whrcarolinas.com/homes/117469789
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221 N 2nd Street Wilmington, NC 28401

  • Price: $3,075,000
  • Status: Active
  • On Site: 189 Days
  • MLS #: 100272627
0
Beds
0
Baths
0
½ Baths
0.27
Acres
12,528
SQFT
$245
$/SQFT
1913
Built
Neighborhood:
Downtown
County:
New Hanover
Area:
Wilmington
Property Description
Great Investment and development opportunity right in the heart of Wilmington's Central Business District. This 12,528 square foot office building has been the home of a number of Wilmington's well known businesses and is currently occupied by a long-term tenant. The two-story structure sits on just over .27 acres of prime land, right downtown. The location is near shopping, restaurants, hotels, government offices, courthouse, and is surrounded by new development. Adjoining the building is a parking lot that provides convenience to the office and opens up a development opportunity too. The central business district zoning permits a wide range of uses and business classification by right. This property is an ideal candidate for additional in-fill that could substantially increase the usable foot print. The current code allows building height of 100 feet by right and 132 feet with a special use permit. Having the ability to build right up to the lot line further advances the building scale and footprint that could be achieved.A mixed use style structure combined with the existing well-maintained building opens up the opportunity for growth. Many upgrades and improvements to this property makes this a solid investment and an income generating opportunity.
Exterior Features

Construction Brick/Stone Exterior Finish Brick Foundation Slab Location Cent Business District Location Type Mainland Lot Description See Others Lot Dimensions 100 X 119 Lot Water Features None Number Of Parking Spaces 20 Parking Driveway Off StreetPaved Road Type Frontage 2 - 3 LanesPavedPublic (City/Cty/St) Roof Membrane

Interior Features

Attic None Basement None Ceiling Height 12.00 Cooling System CentralSee Remarks Flooring CarpetConcreteTile Heating System Electric Sq Ft Total Available 12528.00 Water Heater Electric

Property Features

Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Features Delivery DoorElevator - FreightSee Remarks Commercial Sub Type Mixed UseOffice County Highway Less Than 5 Miles Current Use Office Electric Provider Duke Progress Energy Fuel Tank None Green Building Features None Hoa Amenities No Amenities Hoa YN No Interstate Less Than 5 Miles Lease Types Nnn New Construction No Occupancy 100.00 Port Less Than 5 Miles Possession At ClosingSubject To Tenant Rights Property Taxes 4220.22 Rail Less Than 5 Miles Sale Lease Includes Buildings Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2021 Terms CashConventional Water Provider Cape Fear Public Utility Authority Water Sewer City WaterMunicipal Sewer Zoning Cbd



Listing information © 2021 NCRMLS
Listing provided courtesy of Jeffrey G Hovis of Intracoastal Realty Corp.


© 2021 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. Data last updated 2021-11-26T23:56:06.74.
 
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Welcome Home Realty
9908 North Kings Highway
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