248 N Front Street, Wilmington, NC 28401

$2,400,000
List Price
$2,400,000
Status
ACTIVE
MLS#
100465704
Days on Market
30
Year Built
1908
Acres
0.14
Neighborhood
Not In Subdivision
Stipulations
None

Property Description

Prominent mixed use building available for purchase in the heart of Downtown Wilmington, the thriving business district during the day and happening night life hub in the after hours. 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

Additional Information

Available Amenities
No Amenities
Cooling
Central Air
Heating
Electric, Heat Pump
Floors
Carpet, Concrete, Laminate, Tile, Wood
Exterior Finish
Brick
Lot Information
See Remarks
Utilities
Phone Available, Electricity Connected, City Water
Sewer
Municipal Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Re/Max Essential.

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