CBD Commercial Land with Existing
For Sale
$3,200,000
218 N 3rd Street, Wilmington, NC 28401
Commercial Sale, Wilmington, NC
Property Size8,141 SF
Lot Size0.41 Acres
Price / SF$393.07
Days on Market1204
Property Features for 218 N 3rd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Parking
39
Parking features
Off Street
Subdivision
Downtown
Lot features
Open Lot
Directions
Take N 3rd street toward downtown, property is located in the 200 block of downtown between Chestnut and Grace Street.
Standard status
Active
APN
R04817-015-002-000
Size
8,141 SF
Lot size
0.41 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
Pt Lts 2/3/4 Blk 193 Wilm
Tax Annual Amount
4419
Legal Description
Pt Lts 2/3/4 Blk 193 Wilm
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Building Details
Year built
1941
Number of units
1
Flooring type
Carpet, Tile, Concrete
Building materials
Block, Brick, Stucco, Wood Frame
Roof type
Metal
Listing Agency:
Intracoastal Realty Corporation
(910) 256-4503
Listed By:
Jeffrey G Hovis · License #234605
(910) 512-2205
Added: Jun 16, 2023
Changed: Sep 12
Last Checked: Oct 1 at 8:06PM
MLS# 100389932
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This CBD-zoned commercial land parcel includes a one-story 8,141-square-foot building constructed in 1941. The structure has block, brick, stucco, and wood-frame components, with tile, concrete, and carpet flooring, electric heat, a metal roof, off-street parking, and water available. The City of Wilmington identifies the building as a noncontributing structure, allowing it to remain in use or be removed as part of future redevelopment. By-right development may reach up to 100 Feet.
The property is situated in downtown Wilmington near the Courthouse, City of Wilmington Building, hotels, banks, office buildings, Convention Center, and surrounding businesses and residential areas. The parcel provides about 132.07 feet of frontage and is positioned within the Central Business District.
The property is situated in downtown Wilmington near the Courthouse, City of Wilmington Building, hotels, banks, office buildings, Convention Center, and surrounding businesses and residential areas. The parcel provides about 132.07 feet of frontage and is positioned within the Central Business District.
Key Highlights
- 8,141‑square‑foot one‑story building onsite, constructed in 1941
- CBD zoning with by‑right development up to 100 Feet
- About 132.07 feet of frontage
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Downtown parcel with an onsite structure, water available, and proximity to civic, hospitality, financial, office, and convention uses.
Where is this commercial land located?
The property is located at 218 N 3rd Street 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: 8,141‑square‑foot one‑story building onsite, constructed in 1941; CBD zoning with by‑right development up to 100 Feet; About 132.07 feet of frontage
