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    101 3Rd St Wilmington, NC 28401

    For Sale
    $1,500,000

    Prime location, 5,000 sq ft, parking.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial property, located at 101 S 3rd Street in Wilmington, North Carolina, presents a unique investment opportunity. The building, constructed in 1985, boasts approximately 5,000 square feet of space and is situated on a 0.2-acre lot within the highly sought-after Historic District, zoned HD. Its prominent corner location at the intersection of S 3rd and Dock Streets offers excellent visibility and accessibility. The property features convenient roadside parking, a significant advantage in a bustling downtown area. Further enhancing its appeal is a private parking lot situated at the rear of the building, accessible from Dock Street, providing ample parking for tenants and visitors. This traditional office building is ready for its next chapter, offering a blend of historical charm and modern functionality. The asking price for this well-located commercial property is $1,500,000. This presents a compelling opportunity to acquire a substantial commercial building in a thriving downtown Wilmington location.

    Property Features for 101 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1985

    HighLights

    • $1,500,000 asking price.
    • Traditional office building.
    • 1985 construction.
    • Located in Wilmington, NC's Historic District (HD zoning).
    • 0.2‑acre lot.
    • Approximately 5,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Studsvik Scandpower, Inc Software Company Hogue Hill Law Firm Snow III James ... Personal Injury Attorney Jones W Talmage Personal Injury Attorney Cordell & Cordell - Divorce ... Divorce Lawyer

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    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
    -77.9455545
    Latitude
    34.2342891

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 5,000 sq ft, parking.
    Where is this office property / space located?
    The property is located at 101 3Rd St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; Traditional office building.; 1985 construction.
    Request Owner's contact information
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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
    101 3Rd St Wilmington, NC 28401
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