Property profile

505 2ND ST Wilmington, NC 28401

OFF-MARKET
Hotel
Property ID
US53-2078834
7,040 SF 0.12 ac lot Built 1948
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Property summary

AI-generated overview

A boutique hotel property located in downtown Wilmington, North Carolina, with a total building area of approximately 10,400 square feet on a 0.12-acre lot. The hotel is configured with 15 suites and includes a contemporary lobby featuring a guest lounge and restroom, a modern fitness center, outdoor guest common areas with seating, on-site laundry facilities, and premium in-suite amenities and services. The property has a dedicated on-site parking lot. The downtown setting places it within walking distance of local landmarks and venues including the Wilmington Riverwalk, the Wilson Center, Live Oak Pavilion, Thalian Hall, and the Cotton Exchange, with nearby access to dining and entertainment options.

Property profile

Verified
Property type Hotel
Year built 1948
Total area 7,040 SF
Lot 0.12 ac (5,140 SF)
APN R04716-007-004-000
UPID US53-2078834

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Insurance Agency
  • Construction Company General Contractor

Location

505 2ND ST Wilmington, NC 28401
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$5.5M
1 recorded transaction
2024
$5.5M
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