Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    505 N 2Nd St Wilmington, NC 28401

    For Sale
    $5,295,000

    MULTI_FAMILY - Wilmington, NC

    Property size:
    10,400 SF
    Lot size:
    0.12 Acres
    Days on Market:
    113
    Last Refresh:
    Dec 4 at 11:06 pm

    Property Features for 505 N 2Nd St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CBD
    APN
    R04716-007-004-000
    Parking features
    Off Street, Parking Lot
    Size
    10,400 SF
    Lot size
    0.12 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Zoned, Heat Pump (Heating), Electric (Heating)
    Cooling system
    Zoned, Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Number of units
    15
    Flooring type
    Laminate, Lvt/lvp
    Building materials
    Concrete, Brick, Stone
    Roof type
    Flat

    BlueStar Real Estate, LLC (910) 742-2229

    Listing agent Kristin K Freeman (910) 742-2229 License #282359

    Listing date Aug 15, 2025

    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

    Boutique Hotel in Downtown Wilmington

    This premier boutique hotel is located in downtown Wilmington, North Carolina, near top attractions. The property features 15 suites that blend historic elegance with modern sophistication. Known for exclusivity, the hotel has become a retreat for high-profile guests. Its location is near the Wilmington Convention Center, Live Oak Pavilion, The Wilson Center, and various dining options. The hotel includes a contemporary lobby with a guest lounge and restroom, a modern fitness center, premium guest amenities and services, outdoor guest common areas with seating, laundry facilities, and an on-site parking lot lease. The property is located in the vibrant downtown area, surrounded by dining, entertainment, and cultural attractions. It is within walking distance of the Wilmington Riverwalk, the Wilson Center, Live Oak Pavilion, Thalian Hall, and the Cotton Exchange. The interiors feature high-end finishes, custom furnishings, and modern technology. Wilmington attracts year-round visitors and has seen growth in tourism and business travel, as well as in the film, live performance, and sporting event industries. The property size is 10400 square feet on a 0.12-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Hive Hotel Patricia Roseman Insurance Agency The Bridges Real Estate Developer

    Suggested Use

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

    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
    -77.948315
    Latitude
    34.241309

    Nearby Similar for Sale

    • New
      $1,465,000
      4,848 SF

      Wilmington Mixed-Use Investment Opportunity

      8-unit mixed-use property near historic district with strong rental history.
      719 Princess St, Wilmington, NC 28401
      View Details
    • New
      $890,000
      5,467 SF

      Historic Mansion in Downtown Wilmington

      Unique historic mansion with development potential in Wilmington's Historic District.
      708 Market St, Wilmington, NC 28401
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Residence

      Historic 4,761 sq ft residence in downtown Wilmington.
      118 S 4Th St, Wilmington, NC 28401
      View Details
    • New
      $719,000
      2,015 SF

      Wilmington Income-Generating Multifamily Property

      Income property near Downtown, Burnt Mill Creek, and Soda Pop District.
      2020 Princess Place Dr, Wilmington, NC 28405
      View Details
    • $888,000
      3,104 SF

      Wilmington Duplex: Short-Term Rental Income

      Fully furnished duplex in Wilmington, NC, generating substantial rental income.
      312 Church St, Wilmington, NC 28401
      View Details
    • New
      $1,050,000
      3,548 SF

      Historic Wilmington Duplex Opportunity

      Historic duplex in Wilmington's Historic District, flexible living options.
      223 S 5Th Ave, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Hotel - Luxury 15-suite boutique hotel in the heart of Wilmington.
    Where is this hotel located?
    The property is located at 505 N 2Nd St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $5,295,000.
    What are key features of this property?
    This property features: - Prime downtown Wilmington location: Steps from major attractions like the Wilmington Convention Center, Live Oak Pavilion, Wilson Center, and Riverwalk.; - Luxury boutique hotel: Features 15 exquisitely curated suites blending historic elegance and modern sophistication.; - High-profile clientele: Preferred retreat for celebrities, including actors, music icons, and entertainment industry elites.
    (910) 742-2229
    Request Owner's contact information
    505 N 2Nd St Wilmington, NC 28401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    505 N 2Nd St
    Wilmington, NC 28401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    505 N 2Nd St Wilmington, NC 28401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.