Active
248 N Front Street
Wilmington NC, 28401
$2,400,000
$213.33 per sqft
Active
11,250 sqft
Commercial
Built in 1908
Prominent mixed use building available for purchase in the heart of Downtown Wilmington, the thriving business district during the day and happening night life hub in the after hours.
248 N. Front is a mixed use building consisting of 2 retail / business units on the first floor, both currently leased, two upper floors with 8 apartment units, and a mezzanine storage and utility floor. The 8 apartment units are not subject to leases( owner is taking limited VRBO reservations), one unit is occupied on month to month basis.
Potential uses for the upstairs units include long and short term residential rentals, more of a boutique hotel model, offices or more perhaps something more creative. CBD zoning allows for many possibilities. The units feature high ceilings, some with huge views of front street activity, interior brick walls, original hardwood flooring, and various enhancements to make each one unique. The 2nd and 3rd floors each have common washer and dryer stations in the hallway.
Units are individually metered for electricity. Water and sewer are commonly metered.
The building comes with 6 parking spaces, which are accessed via Dickinson Alley from Chestnut St. (beside The Copper Penny).
Historically, this property held the address of 214 N Front St and was originally constructed as a dry goods store in 1908 to provide the Wilmington community retail apparel and home goods. Over the years the building has been renovated to meet the needs of various business operations.
In 2010, the property was set up as a condos, and then soon after terminated. Those documents were recorded and are still accessible therefore creating a path back to that ownership structure if new owner desired.
Purchase your piece of Downtown Wilmington's iconic history and be a part of its bright future
Please do not disturb tenants or guests. Retail businesses and retail contents are NOT for sale. Contact listing agent with any questions. LA must be present for showings
100465704
MLSⓇ ID
September 11, 2024
Listed
October 14, 2024
Updated
Map
248 N Front Street
Wilmington NC, 28401
Interior Features
Floor Description
Carpet, Concrete, Laminate, Tile, Wood
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Electric, Heat Pump
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
See Remarks
Sewer
Municipal Sewer
Other Property Details
Taxes
$3,603
Tax Frequency
Annually
Days on Market
23
Association Fee Frequency
Yearly
Association Amenities
No Amenities
Garage
No
Parking
Assigned, Off Street
Parking Total
6
View
No
County
New Hanover
Pool
No
Zoning
CBD
Courtesy of RE/MAX Essential with Kenneth T Fisher,
Listing Contact: 910-616-2123
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Data last updated 4:01 PM UTC, 10/14/2024