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    416 Walnut St Wilmington, NC 28401

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    For Sale
    $899,000

    Highly visible corner lot near downtown, Riverwalk, and Brooklyn Arts.

    Property size:
    4,985 SF
    Lot size:
    0.31 Acres

    Property Features for 416 Walnut St

    General Information

    Size
    4,985 SF
    Lot size
    0.31 Acres

    Source: Chatham Properties, Inc. Agent Charlie Baker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Wilmington Adaptive Reuse Opportunity

    This property presents an adaptive reuse opportunity in historic Wilmington. Situated on a 0.31-acre corner lot, the highly visible building is within walking distance of downtown, the Riverwalk, the Brooklyn Arts District, restaurants, breweries, bars, art galleries, and entertainment venues. The flexible HD-MU zoning allows for a variety of uses, including office, business and personal services, bed & breakfast, restaurant, and residential (permitted, with conditions, or special use permit). On-site parking is available. The property, encompassing 4985 square feet, is located in the Historic District, and all exterior improvements and alterations require a certificate of appropriateness from the Wilmington Historic Preservation Commission. The property is offered in "as-is where-is" condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stepping Stone Manor Halfway House

    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
    -77.94441
    Latitude
    34.2401

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    FAQs

    What type of property is this?
    Wedding venue - Highly visible corner lot near downtown, Riverwalk, and Brooklyn Arts.
    Where is this wedding venue located?
    The property is located at 416 Walnut St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: - Highly visible corner lot location in Historic Wilmington.; - Flexible HD-MU zoning allows for a variety of uses.; - Walkable to Downtown, Riverwalk, Brooklyn Arts District, restaurants, breweries, bars, art galleries and entertainment.
    (704) 564-4053
    Request Owner's contact information
    416 Walnut St Wilmington, NC 28401
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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
    416 Walnut St Wilmington, NC 28401
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