101 3rd St, Wilmington, NC 28401-4034
- Office buildings
- 68,831 SF
- 0.46 lot acres
Current Use by Public Records
- Studsvik Scandpower, Inc / (Bike/Boat/Book/etc) Store / Corporate Office
- Hogue Hill / Law Firm
- Snow III James B / Law Firm
- Jones W Talmage / Law Firm
- Cordell & Cordell - Divorce Attorney Office / Law Firm
Property Details for 101 3rd St
- Year built
- 2014
- Construction
- STEEL & CONCRETE
- Lot size
- 0.46 lot acres
- Zone code
- CBD,CENTRAL BUS DIST
- Property type
- Office buildings
- APN
- R04817-017-011-000
- APU
- R04817017011000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 21, 2014 | — | 101 North Third Street LLC | — | Grant Deed · related | $11.3M · Branch Bk&tr |
| Jun 29, 2012 | $1,800,000 | 101 North Third Street LLC | Atlas Nc II Spe LLC | Grant Deed | — |
| Jan 18, 2012 | $2,000,000 | Atlas Nc II Spe LLC | Stephens H Kenneth II | Trustees Deed | — |
| Aug 29, 2011 | — | Wilmington Coml Props INC | — | Grant Deed · related | $10.6M · Branch Banking & Trust Co |
| — | — | Wilmington Coml Props LLC | — | Deed Of Trust · related | $740k · Branch Banking & Trust Co |
| — | — | Wilmington Coml Props LLC | — | Deed Of Trust · related | $1.4M · Branch Banking & Trust Co |
| — | — | 101 North Third Street LLC | — | Deed Of Trust · related | $1.9M · Branch Bk&tr |
Description
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.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $15,540,000
- 6.5%
- $14,345,000
- 7%
- $13,320,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $13,618,000
Market price range: $5.67M - $21.6M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $22,825,000
- MEDICAL BUILDING
- $22,360,000
- WAREHOUSE, STORAGE
- $20,160,000
- RETAIL STORES
- $20,000,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9466
- Latitude
- 34.2369
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
