221 N 2nd Street, Wilmington, NC 28401

$3,075,000
12,528
SqFt
List Price
$3,075,000
Status
ACTIVE
MLS#
100272627
Days on Market
148
Year Built
1913
Half-baths
1
Living Area
12,528
Acres
0.27
Neighborhood
Downtown

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.

Additional Information

Occupancy %
100.00
Taxes
$4,220
Cooling
Central, See Remarks
Heating
Electric
Water Heater
Electric
Floors
Carpet, Concrete, Tile
Foundation
Slab
Roof
Membrane
Exterior Finish
Brick
Lot Water Features
None
Sewer
City Water, Municipal Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Intracoastal Realty Corp.

Copyright 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.