101 3rd St Wilmington, NC 28401-4034
This exceptional mixed-use property, located at 101 S 3rd Street in the heart of Wilmington, NC, presents a unique investment opportunity. Boasting a substantial 4,849 square feet of space situated on a 0.2-acre lot, this property offers significant versatility for a variety of commercial uses. Its central downtown location provides unparalleled access to a thriving business district, abundant foot traffic, and a vibrant community. The building's size and layout allow for creative adaptation to suit diverse business needs, from retail and office spaces to restaurants and other commercial ventures. The property's prime location within Wilmington's dynamic urban core ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in the city. The asking price of $1,500,000 reflects the exceptional value and potential of this strategically located asset. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. This is a rare chance to acquire a significant commercial property in a rapidly growing and desirable area. Don't miss this opportunity to secure a foothold in the vibrant Wilmington market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD,CENTRAL BUS DIST · Wilmington, NCWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.