708 S 17th Street, Wilmington, NC 28401 (MLS# 100523747)

708 S 17th Street, Wilmington, NC 28401

$1,575,000

Virtual Tour

https://my.matterport.com/show/?m=YWoWgVYTep6&mls=1

Property Type: Comm Sale or Lease Square Footage: 4,312 Lot Size (sq. ft.): 4,704 Status: Closed

Current Price: $1,575,000 List Date: 8/07/2025 Last Modified: 10/23/2025

Overview

Description

708 S 17th St, Wilmington NC - Fully Leased Investment Property in The Cargo District Prime investment opportunity in the heart of Wilmington's thriving Cargo District. Located at 708 S 17th Street, this fully leased multi-tenant commercial building offers stable cash flow, professional management, and long-term tenant stability in one of the city's most dynamic and rapidly appreciating districts. Situated within a designated Opportunity Zone, the property includes four total rentable units with two tenants. One tenant operates a vibrant retail storefront at the front of the building, while the second leases the remaining three spaces, including the rear commercial flex area and two custom-designed shipping container offices, both heated and cooled for year-round use. Recent capital improvements have enhanced the property's value/efficiency and appeal, making it a low-maintenance investment with strong fundamentals. The site's flexible configuration and UMX (Urban Mixed-Use) zoning ... (Read more)

Listing Details MLS# 100523747

Contract Info

Available Date: 2025-08-07
Delayed Marketing?: No
Marketing Start Date: 2025-08-07
Sub-Type: Improved
Garage: Masterlock
Sale/Lease: Sale
Listing Price: 1680000
List Price/SqFt: 389.61
Stipulation of Sale: Standard

Location Information

Street #: 708
Pre Direction: S
Street Name: 17th
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Subdivision: Dawson-Castle Street

Remarks and Showing

Directions to Property: Near Corner of 17th and Queen in The Cargo District.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 4312

Legal and Taxes

Tax Assessed Value: 279000
Total City Real Estate Property Tax: 1641.92
Deed Book: 6436
Deed Page: 2811
Legal: Pt Lot 2 Blk 217 Wilm
Broker Owner: No
PID: R05411-011-003-000
Tax Identifier: R05411-011-003-000
Total Real Estate Property Taxes: 1641.92
Special Assessments: N/A
Tax Year: 2025
Year Built: 1946
Zoning: UMX
HOA: No
Cobra Zone: No

More Information

Status Change Info

Under Contract Date: 2025-09-08
Sold Date: 2025-10-22

Property Features

Business Type: Business Flex; Food Service; Mixed; Professional/Office; Retail; Business Service; Commercial; Franchise; Other; Professional Service Parking Features: See Remarks Current Use: Commercial; Retail Location: Freestanding; Gen Bus District Heating System Fuel Source: Electric Terms: 1031 Exchange; Cash; Conventional Lease Types: Modified

IDX

Listing Office: Aloha Wilmington Real Estate

Last Updated: October - 23 - 2025

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