420 N 3rd Street, Wilmington, NC 28401 (MLS# 100110992)

420 N 3rd Street, Wilmington, NC 28401

$1,400,000

Property Type: Land Lot Size (sq. ft.): 23,958 Status: Closed

Current Price: $1,400,000 List Date: 1/04/2021 Last Modified: 6/09/2021

Overview

Description

This prime retail development site is located at the full access lighted intersection of 3rd St and Red Cross St. and it also offers alley access on the other 2 sides. Currently on the property is a building that served as an auto garage in the past and could be retrofitted to a very cool restaurant or bar. Redevelopment potential is extremely high here, among the most active in the area. This site overlooks Cape Fear Community College and is surrounded by new development in every direction. Third St sees heavy traffic daily and the site has a clean environmental bill of health. CBD zoning allows for maximum use of the lot for building envelope. Paved Lot with no setbacks - for repurpose or knockdown - EXCELLENT Visibility

Listing Details MLS# 100110992

Contract Info

Marketing Start Date: 2018-04-16
Sub-Type: Mixed Use
Auction: No
Listing Price: 1550000
List Price/Acre: 2818181.82
Stipulation of Sale: Standard

Location Information

Street #: 420
Pre Direction: N
Street Name: 3rd
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: Downtown Wilmington/ Central Business District - Corner Property Take Eastwood/MLK towards downtown, merges into 3rd St. Property is on the southeast corner of Red Cross and N 3rd St (across from the Shell Station)
Sign on Property: Yes

Property Exterior Info

Acres - Total: 0.55
Lot SqFt: 23958
Deed Restrictions: No
Total Road Frontage: 150
Waterfront: No
Waterview: No
Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 376700
Deed Book: 5265
Deed Page: 1694
Legal: PT LTS 1/2/3 BLK 220 WIM
Broker Owner: No
PID: R04813032002000
Tax Identifier: R04813032002000
Plat Book: 1844
Plat Page: 872
Special Assessments: none
Tax Year: 2017
Zoning: CBD
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Virgo
High School: New Hanover

Status Change Info

Under Contract Date: 2021-01-21
Sold Date: 2021-06-08

More Information

Property Features

Current Use: Retail Bldgs on Property: Garage Soil Evaluation: Soil Evaluation - No Topography: Cleared; Level Fuel Tank: None Environmental Hazard: No HOA and Neigh Amenities: No Amenities Terms: Cash; Conventional

IDX

Listing Office: RE/MAX Essential

Last Updated: June - 09 - 2021

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