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
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