Downtown Wilmington Development
For Sale
$3,200,000
218 N 3rd Street, Wilmington, NC 28401
Prime .41-acre land in Wilmington's Central Business District.
Property Size8,141 SF
Lot Size0.41 Acres
Price / SF$393.07
Days on Market1165
Property Features for 218 N 3rd Street
General Information
Standard status
Active
Size
8,141 SF
Lot size
0.41 Acres
Property subtype
Land
Zoning
CBD
Taxes and HOA fees
Annual Taxes
$441,896
Amenities
No
City Lot
Public
0.41
132 x148 x66 x27 x66 x120
City Street,State Road
See Remarks
Listing Agency:
HomeTowne Realty
(917) 921-5397
Listed By:
Cristina Callegari · License #234605
(917) 921-5397
Source:
Baystreetrealtygroup
Added: Jun 16, 2023
Changed: Aug 23
Last Checked: Aug 22 at 1:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeTowne Realty
Investment Insights
Based on property information with market context.
Located in downtown Wilmington, this property offers a development opportunity with a land footprint of 0.41 acres, equivalent to 17,795 square feet. The parcel features approximately 132.07 feet of frontage on North 3rd Street and is situated within the Central Business District (CBD), allowing for building heights of up to 100 feet by right. 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 structure is not considered a contributing structure, offering the option for its utilization, removal, or demolition to facilitate a complete redevelopment of this location.
Key Highlights
- Prime downtown Wilmington location in the Central Business District (CBD).
- Development potential: Build up to 100 feet by right.
- Large .41‑acre (17,795 sq ft) parcel with 132.07 feet of frontage on North 3rd Street.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,423
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Prime .41-acre land in Wilmington's Central Business District.
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: Prime downtown Wilmington location in the Central Business District (CBD).; Development potential: Build up to 100 feet by right.; Large .41‑acre (17,795 sq ft) parcel with **132.07 feet of frontage on North 3rd Street.**
