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    218 N 3Rd St Wilmington, NC 28401

    For Sale
    $3,200,000

    COMMERCIAL - Wilmington, NC

    Lot size:
    0.41 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 218 N 3Rd St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CBD
    APN
    R04817-015-002-000
    Lot size
    0.41 Acres

    Utilities

    Utilities
    Water Available
    Water source
    Public

    Intracoastal Realty Corp (800) 533-1840

    Listing agent Jeffrey G Hovis (910) 256-4503 License #234605

    Listing date Nov 20, 2025

    MLS# 100389934 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Wilmington Commercial Land For Sale

    Located in downtown Wilmington, this commercial land offers a footprint of 0.41 acres, equivalent to 17,795 square feet. The parcel features approximately 132.07 feet of frontage on North 3rd Street. Situated within the CBD (Central Business District), the property allows for construction up to 100 feet. Its location provides close proximity to the Courthouse, City of Wilmington Building, hotels, banks, office buildings, the Convention Center, and various local businesses and residential areas. An existing one-story building on the site encompasses 8,141 square feet. According to the City of Wilmington, this building is not a contributing structure, offering the option for utilization or removal to facilitate a complete redevelopment of this location in Wilmington's Central Business District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.946016
    Latitude
    34.23855

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land in Wilmington's Central Business District.
    Where is this commercial land located?
    The property is located at 218 N 3Rd St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: - Prime downtown Wilmington location in the Central Business District (CBD).; - Development potential: Build up to 100 feet by right.; - .41 acre (17,795 sq ft) parcel with 132.07 feet of frontage on North 3rd Street.
    (910) 256-4503
    Request Owner's contact information
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    Wilmington, NC 28401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    218 N 3Rd St Wilmington, NC 28401
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