1940 Dawson Street, Wilmington, NC 28403 (MLS# 100504432)

1940 Dawson Street, Wilmington, NC 28403

$2,995,000
Property Type: Comm Sale or Lease Square Footage: 12,038 Lot Size (sq. ft.): 79,279 Status: Active
Current Price: $2,995,000 List Date: 4/30/2025 Last Modified: 4/30/2025

Description

Prime Business & Development Opportunity in Strategic Commercial Service District Unlock the potential of this rare offering: 1.82 acres of commercially zoned land featuring a 12,000 square foot multi-use building that includes a combination of office space, storefront, and warehouse, all currently home to a well-established local business. Zoning & Use: Located in a Commercial Service zoning district, this property supports a wide range of intensive business uses—ideal for operations involving machinery, outdoor storage, repair services, wholesaling, building contractors, and light industrial activities. It is uniquely positioned as a transitional zone between commercial and industrial areas, opening doors for rezoning or expanded uses due to its proximity to multiple zoning districts. Key Advantages: • Existing, income-generating local business with customer base • High visibility and accessibility, with close proximity to downtown and the port • Excellent redevelopment or repositioning potential for a new commercial or light industrial venture • Strategic location suited for logistics, construction-related trades, or niche manufacturing This property presents a turnkey business opportunity or a blank canvas for entrepreneurs and developers seeking to capitalize on the area's growth and connectivity.

More Information MLS# 100504432

Contract Info

Available Date: 2025-04-30 Status: Active Delayed Marketing?: No Marketing Start Date: 2025-04-30 Sub-Type: Improved Garage: N/A Sale/Lease: Sale Listing Price: 2995000 Current Price: $2,995,000 List Price/SqFt: 248.8 Stipulation of Sale: Standard

Location Information

Street #: 1940 Street Name: Dawson Street Suffix: Street County: New Hanover State/Province: NC Zip Code: 28403 City Limits: Yes Subdivision: Not In Subdivision Secondary Subdivision: N/A Geo Lat: 34.225801 Geo Lon: -77.920123

Remarks and Showing

Directions to Property: Take From Downtown, take S 3rd Street. Turn left on Dawson Street. Follow Dawson and property is on the right(two parcels before Wrightsville Avenue). Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 12038

Legal and Taxes

Tax Assessed Value: 941300 Deed Book: 1871 Deed Page: 810 Legal: (1.90 Acres) LI 2R Wholesale Park Broker Owner: No PID: R05411-016-001-000 Tax Identifier: R05411-016-001-000 Total Real Estate Property Taxes: 8189.31 Special Assessments: non Tax Year: 2024 Year Built: 1995 Zoning: CS HOA: No Cobra Zone: No Federal Flood Ins Avlbl: Yes

Current Service Providers

Electric Provider: Duke Progress Energy Sewer Provider: Cape Fear Public Utility Authority Water Provider: Cape Fear Public Utility Authority

Financial Info

Financial Info: No

Property Features

Business Type: Industrial; Mixed; Professional/Office; Retail; Warehouse; Building Supply; Commercial; Professional Service; Wholesale HOA and Neigh Amenities: No Amenities Attic: None Basement: None Construction: Metal Fab Exterior Finish: Metal Siding Flooring: Concrete Foundation: Slab Fuel Tank: None Green Bldg Features: None Parking Features: Off Street; Parking Lot; Paved; Private Roof: Metal Lot Description: See Remarks Current Use: Commercial Location: See Remarks Lot Water Features: None Cooling: Central Air Heating: Forced Air Heating System Fuel Source: Electric Water Heater: Electric Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional; Seller Financing
Listing Office: Intracoastal Realty Corp
Last Updated: April - 30 - 2025
1940 Dawson Street, Wilmington, NC 28403- MLS# 100504432
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