124 S Front Street, Wilmington, NC 28401

$2,600,000
14,799
SqFt
List Price
$2,600,000
Status
ACTIVE
MLS#
100174913
Days on Market
124
Year Built
1887
Living Area
14,799
Acres
0.41
Neighborhood
Downtown

Property 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.

Additional Information

Cooling
Central
Heating
Natural Gas
Water Heater
See Remarks
Floors
Concrete, Tile, Wood
Foundation
Crawl Space, Slab
Roof
Membrane
Exterior Finish
Stone
Exterior Features
Boat Dock, River Front, River View, Water Depth 4+
Lot Water Features
Boat Dock, River Front, River View, Water Depth 4+
Sewer
City Water

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Nest Realty.

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