124 S Front Street, Wilmington, NC 28401 | 100190092 | Intracoastal Realty

124 S Front Street $1,470,000

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    124 S Front Street Wilmington, NC 28401

    Closed
    SOLD 3/3/2020

    $1,470,000

    • 14,799 sq. ft.
    • Commercial Sale
    • MLS# 100190092
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    Views: 37

    Property Details

    ocated 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 flankingThe 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.

    • General Features
      • Year Built 1887
      • Subdivision Downtown
      • Square feet 14,799
      • New Construction No
      • Cobra Zone Yes
      • Lot Acres 0.41
      • City Limits Yes
      • County New Hanover
      • HOA No
      • Stipulation of Sale None
    • Building Features
      • Foundation Crawl Space, Slab
      • Flooring Concrete, Tile, Wood
      • Roof Membrane
      • Exterior Finish Stone
      • Construction Brick/Stone
    • Property Features
      • Road Type Frontage Paved,Public (City/Cty/St)

    Neighborhood

    28401 (Wilmington) Demographics

    38 Median Age
    961 Population Density (per sq. mile)
    32% College Educated
    $29,467 Estimated Median Income
    3,511 Estimated Total Home Owners
    6,610 Estimated Total Renters
    35% / 65% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    23,203 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $216,000 Median Sales Price
    47 Homes Sold
    53 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        3/3/2020 3:00:00 AM Sold Source New Value: $1,470,000
        10/30/2019 12:34:37 PM Status Changed Source New Value: Pending
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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.