248 N Front ST Wilmington, NC 28401
11,250 SqFt
UPDATED:
10/03/2024 02:51 PM
Key Details
Property Type Commercial
Sub Type Improved
Listing Status Active
Purchase Type For Sale
Square Footage 11,250 sqft
Price per Sqft $213
Subdivision Not In Subdivision
MLS Listing ID 100465704
HOA Y/N No
Originating Board North Carolina Regional MLS
Year Built 1908
Annual Tax Amount $3,603
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 30'X 203'
Property Description
248 N. Front is a mixed use building consisting of 2 retail / business units on the first floor, both currently leased, two upper floors with 8 apartment units, and a mezzanine storage and utility floor. The 8 apartment units are not subject to leases( owner is taking limited VRBO reservations), one unit is occupied on month to month basis.
Potential uses for the upstairs units include long and short term residential rentals, more of a boutique hotel model, offices or more perhaps something more creative. CBD zoning allows for many possibilities. The units feature high ceilings, some with huge views of front street activity, interior brick walls, original hardwood flooring, and various enhancements to make each one unique. The 2nd and 3rd floors each have common washer and dryer stations in the hallway.
Units are individually metered for electricity. Water and sewer are commonly metered.
The building comes with 6 parking spaces, which are accessed via Dickinson Alley from Chestnut St. (beside The Copper Penny).
Historically, this property held the address of 214 N Front St and was originally constructed as a dry goods store in 1908 to provide the Wilmington community retail apparel and home goods. Over the years the building has been renovated to meet the needs of various business operations.
In 2010, the property was set up as a condos, and then soon after terminated. Those documents were recorded and are still accessible therefore creating a path back to that ownership structure if new owner desired.
Purchase your piece of Downtown Wilmington's iconic history and be a part of its bright future
Please do not disturb tenants or guests. Retail businesses and retail contents are NOT for sale. Contact listing agent with any questions. LA must be present for showings
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning CBD
Direction Market Street to N. Front Steet, Turn right, property is on the left side.
Rooms
Basement Outside Entrance
Interior
Heating Electric, Heat Pump
Cooling Central Air
Flooring Carpet, Concrete, Laminate, Tile, Wood
Exterior
Garage Assigned, Off Street
Utilities Available Phone Available, Electricity Connected, City Water
Parking Type Assigned, Off Street
Building
Lot Description See Remarks
Sewer Municipal Sewer
New Construction No
Others
Tax ID R04720-006-003-000
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition None
