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Listed by Jeffrey G Hovis, Intracoastal Realty Corporation.

218 N 3rd Street, Wilmington, NC 28401

$3,200,000
Property Type: Comm Sale or Lease Square Footage: 8,141 Lot Size (sq. ft.): 17,795 Status: Active
Current Price: $3,200,000 List Date: 6/16/2023 Last Modified: 3/02/2026

Overview

Description

Property is located in the middle of downtown Wilmington. The land footprint is .41 acres (17,795 sq ft). The parcel has about 132.07 feet of frontage on North 3r Street. The property is location in the CBD (Central Business District). By right you can build up to 100 Feet. This property is located close to the Courthouse, City of Wilmington Building, hotels, banks, Office Buildings, Convention Center and many local business and residential areas. There is a one Story 8,141 sq. ft. building onsite. Per the City of Wilmington, this building is not a contributing structure so it can be utilized or removed/demo for a complete re-development of this prime location in Wilmington’s Central Business District.

Listing Details MLS# 100389932

Contract Info

Available Date
2023-06-14
Delayed Marketing?
No
Marketing Start Date
2023-06-16
Sub-Type
Improved
Garage
N/A
Space
Yes
Sale/Lease
Sale
Auction
No
Listing Price
3200000
List Price/SqFt
393.07
Stipulation of Sale
Standard

Location Information

Street #
218
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
Downtown
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
Take N 3rd street toward downtown, property is located in the 200 block of downtown between Chestnut and Grace Street.
Sign on Property
Yes

Building Info

New Construction
No

BuildingExt Features

SqFt – Heated (Primary)
8141

Legal and Taxes

Tax Assessed Value
971200
Deed Book
5572
Deed Page
2945
Legal
Pt Lts 2/3/4 Blk 193 Wilm
Broker Owner
No
PID
R04817-015-002-000
Tax Identifier
R04817-015-002-000
Total Real Estate Property Taxes
4418.96
Special Assessments
none
Tax Year
2022
Year Built
1941
Zoning
CBD
Cobra Zone
No
Total City Real Estate Property Tax
0
Plat Book
No
Plat Page
No

More Information

Miscellaneous

Ceiling Height
16
Current Use
Vacant

Current Service Providers

Electric Provider
Duke Energy
Natural Gas Provider
Piedmont Natural Gas Co.
Sewer Provider
Cape Fear Public Utility Authority
Water Provider
Cape Fear Public Utility Authority

Building/Ext Features

# of Parking Spaces
39
# of Units
Yes
Lot Acres
0.41
Lot SqFt
17795
Lot Dimensions
132x121x66x28x149
SqFt – Total Available
7897
SqFt – Office
400
SqFt – Retail/Display
1500
SqFt – Warehouse
6241
Location Type
Mainland

Business Type

Hotel/Motel
Yes
Medical
Yes
Mixed
Yes
Retail
Yes
Warehouse
Yes
Business Service
Yes
Commercial
Yes
Professional Service
Yes

Current Use

Vacant
Yes

Attic

Eave Storage
Yes
Walk-In
Yes

Basement

None
Yes

C & I Features

None
Yes

Construction

Block
Yes
Wood Frame
Yes

Lot Water Features

None
Yes

Exterior Finish

Brick
Yes
Stucco
Yes

Terms

Cash
Yes
Conventional
Yes
Seller Financing
Yes

Foundation

Brick/Mortar
Yes

Flooring

Carpet
Yes
Concrete
Yes
Tile
Yes

Fuel Tank

None
Yes

Green Bldg Features

None
Yes

Parking Features

Off Street
Yes
On Site
Yes
Paved
Yes
Private
Yes

Sale/Lease Includes

Buildings
Yes
Land
Yes

Roof

Metal
Yes

Lot Description

Open Lot
Yes

Road Type/Frontage

4+ Lanes
Yes

Road/Trans Access

Airport
Less than 5 Miles
County Highway
Less than 5 Miles
Interstate
Less than 5 Miles
Port
6 – 10 Miles
Rail
6 – 10 Miles
State Highway
Less than 5 Miles

Cooling

None
Yes

Location

Cent Business District
Yes

Heating

None
Yes

Heating System Fuel Source

Electric
Yes
None
Yes

Water Heater

None
Yes

Utilities

Sewer Available
Yes
Water Available
Yes

Water Source

Community Water
Yes

Sewer

Community Sewer
Yes

Property Features

Business Type: Hotel/Motel; Medical; Mixed; Retail; Warehouse; Business Service; Commercial; Professional Service Attic: Eave Storage; Walk-In Basement: None Construction: Block; Wood Frame Exterior Finish: Brick; Stucco Flooring: Carpet; Concrete; Tile Foundation: Brick/Mortar Fuel Tank: None Green Bldg Features: None Parking Features: Off Street; On Site; Paved; Private Roof: Metal Lot Description: Open Lot Current Use: Vacant Location: Cent Business District Lot Water Features: None Cooling: None Heating: None Heating System Fuel Source: Electric; None Water Heater: None Utilities: Sewer Available; Water Available Sewer: Community Sewer Water Source: Community Water Terms: Cash; Conventional; Seller Financing
IDX
Listing Office: Intracoastal Realty Corporation
Last Updated: March – 02 – 2026
Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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