124 S Front Street, Wilmington, NC 28401 (MLS# 100190092)

124 S Front Street, Wilmington, NC 28401

$1,470,000

Property Type: Comm Sale or Lease Square Footage: 14,799 Lot Size (sq. ft.): 17,833 Status: Closed

Current Price: $1,470,000 List Date: 10/24/2019 Last Modified: 4/09/2020

Overview

Description

ocated in the Central Business District of Historic Downtown Wilmington with frontage on two high pedestrian trafficked and moderate vehicle trafficked streets, Old-Wilmington City Market has been positioned as a retail node in the South Front Street corridor for over 130 years. This Circa 1887, exquisitely preserved +/-14,700sf building is a unique investment opportunity in the rapidly growing section of Front St south of Market. Just steps to the Riverwalk and myriad boutique hotels, fine dining, shopping and nightlife, this location is prime for continuing its current use as a boutique shopping destination and/or exploring new business verticals such as the booming wedding and event industry. Old-Wilmington City Market is designed as a mini downtown streetscape with shops flanking The offering includes a vacant +/-.16 acre riverfront lot addressed 122 S Water St, prime for building and connecting to the Riverwalk with rights to dockage and potential for approximately 100' of floati ... (Read more)

Listing Details MLS# 100190092

Contract Info

Marketing Start Date: 2019-07-11
Sub-Type: Improved
Garage: N/A
Space: No
Sale/Lease: Sale
Auction: No
Listing Price: 1800000
List Price/SqFt: 121.63
Stipulation of Sale: Standard

Location Information

Street #: 124
Pre Direction: S
Street Name: Front
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Downtown
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: take Market Street/Highway 17 to downtown. Building and lot located between Dock Street and Orange Street.
Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 14799

Legal and Taxes

Tax Assessed Value: 1143200
Deed Book: 5797
Deed Page: 1814
Legal: ALL 5 PT 4 WILM BLK 138
Broker Owner: No
PID: 311708.77.7601.000
Tax Identifier: R05308-005-004-000
Special Assessments: none
Tax Year: 2018
Year Built: 1887
Zoning: cbd
HOA: No
Cobra Zone: Yes
Federal Flood Ins Avlbl: Yes

More Information

Status Change Info

Under Contract Date: 2019-10-18
Sold Date: 2020-03-03

Property Features

Business Type: Retail; Shopping Center Electric: 3 Phase Construction: Brick/Stone Exterior Finish: Stone Flooring: Concrete; Tile; Wood Foundation: Crawl Space; Slab Roof: Membrane

IDX

Listing Office: Nest Realty

Last Updated: April - 09 - 2020

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