221 N 2nd Street, Wilmington, NC 28401 (MLS# 100272627)

221 N 2nd Street, Wilmington, NC 28401

$2,975,000

Virtual Tour

http://221north2ndstreet.com?mls

Property Type: Comm Sale or Lease Square Footage: 12,528 Lot Size (sq. ft.): 11,761 Status: Closed

Current Price: $2,975,000 List Date: 5/21/2021 Last Modified: 5/20/2022

Overview

Description

Great Investment and development opportunity right in the heart of Wilmington's Central Business District. This 12,528 square foot office building has been the home of a number of Wilmington's well known businesses and is currently occupied by a long-term tenant. The two-story structure sits on just over .27 acres of prime land, right downtown. The location is near shopping, restaurants, hotels, government offices, courthouse, and is surrounded by new development. Adjoining the building is a parking lot that provides convenience to the office and opens up a development opportunity too. The central business district zoning permits a wide range of uses and business classification by right. This property is an ideal candidate for additional in-fill that could substantially increase the usable foot print. The current code allows building height of 100 feet by right and 132 feet with a special use permit. Having the ability to build right up to the lot line further advances the buil ... (Read more)

Listing Details MLS# 100272627

Contract Info

Marketing Start Date: 2021-05-21
Sub-Type: Improved
Garage: N/A
Space: No
Sale/Lease: Sale
Auction: No
Listing Price: 3075000
List Price/SqFt: 245.45
Stipulation of Sale: Standard

Location Information

Street #: 221
Pre Direction: N
Street Name: 2nd
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 toward downtown Wilmington, turn right on N 2nd Street, cross over Chestnut and property is on the left.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 12528

Legal and Taxes

Tax Assessed Value: 1142900
Deed Book: 5267
Deed Page: 567
Legal: Pt E 3 Wilm Blk 191
Broker Owner: No
PID: 311708.79.9434.000
Tax Identifier: R04720-006-014-000
Total Real Estate Property Taxes: 4220.22
Special Assessments: none
Tax Year: 2021
Year Built: 1913
Zoning: CBD
HOA: No
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2022-01-24
Sold Date: 2022-05-18

Miscellaneous

Ceiling Height: 12
Occupancy: 100
Current Use: office

Current Service Providers

Electric Provider: Duke Progress Energy
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority

Property Features

Business Type: Mixed; Professional/Office HOA and Neigh Amenities: No Amenities Attic: None Basement: None Construction: Brick/Stone Exterior Finish: Brick Flooring: Carpet; Concrete; Tile Foundation: Slab Fuel Tank: None Green Bldg Features: None Parking Features: Off Street; Paved Roof: Membrane Lot Description: Other Location: Cent Business District Lot Water Features: None Cooling: Central Air; Other Heating System Fuel Source: Electric Water Heater: Electric Sewer: Municipal Sewer Water Source: Public Terms: Cash; Conventional Lease Types: NNN

IDX

Listing Office: Intracoastal Realty Corporation

Last Updated: May - 20 - 2022

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