$2,600,000

124 Front Street

Wilmington NC, 28401

Description

Located in the Central Business District of Historic Downtown Wilmington with frontage on two high pedestrian trafficked and moderate vehicle trafficked streets, Old-Wilmington City Market has been positioned as a retail node in the South Front Street corridor for over 130 years. This Circa 1887, exquisitely preserved +/-14,700sf building is a unique investment opportunity in the rapidly growing section of Front St south of Market. Just steps to the Riverwalk and myriad boutique hotels, fine dining, shopping and nightlife, this location is prime for continuing its current use as a boutique shopping destination and/or exploring new business verticals such as the booming wedding and event industry.Old-Wilmington City Market is designed as a mini downtown streetscape with shops flanking The offering includes a vacant +/-.16 acre riverfront lot addressed 122 S Water St, prime for building and connecting to the Riverwalk with rights to dockage and potential for approximately 100' of floating dock. This site is perfect for a mixed use building including a restaurant, residential and event space. CBD zoning allows a variety of commercial and hospitality uses and is the only zoning that allows short term vacation rentals in the Historic District.

Details

MLS#100174913
Sub-TypeResale
StatusActive
Year1887
Days On Site124

Features

SQ Feet14,799
Story(s)1
ZoningCBD

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Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$2,600,000
low | high
Med:
$211,000
100% of Average
SqFt:
14,799
low | high
Med:
1,579
100% of Average
$ / SqFt:
$176
low | high
Med:
$135
73.224419126516% of Average
On Site:
124
low | high
Med:
23.500000
100% of Average
Listing Updated: 11/11/2019
MLS Number: 100174913
Listing Provided By:
Ashley B Whitley  of  Nest Realty
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