Downtown Devlopment Site

420 N 3rd St, Wilmington, NC

$1,650,000

Price

4,150 sqft

Building Size

0.551 acres

Lot Area

Overview
Building Size
4,150 sqft
Lot Area
0.551 acres
Floors
1
Description

This prime retail development site is located at the full access lighted intersection of 3rd St and Red Cross St. and it also offers alley access on the other 2 sides. Currently on the property is a building that served as an auto garage in the past and could be retrofitted to a very cool restaurant or bar. Redevelopment potential is extremely high here, among the most active in the area. This site overlooks Cape Fear Community College and is surrounded by new development in every direction. Third St sees heavy traffic daily and the site has a clean environmental bill of health. CBD zoning allows for maximum use of the lot for building envelope.

Downtown Wilmington/ Central Business District - Corner Property

Take Eastwood/MLK towards downtown, merges into 3rd St. Property is on the southeast corner of Red Cross and N 3rd St (across from the Shell Station)

Paved Lot with no setbacks - for repurpose or knockdown - EXCELLENT Visibility

This prime retail development site is located at the full access lighted intersection of 3rd St and Red Cross St. and it also offers alley access on the other 2 sides. Currently on the property is a building that served as an auto garage in the past and could be retrofitted to a very cool restaurant or bar. Redevelopment potential is extremely high here, amongst the most active in the area. This site overlooks Cape Fear Community College and is surrounded by new development in every direction. Third St sees heavy traffic daily and the site has a clean environmental bill of health. CBD zoning allows for maximum use of the lot for building envelope.

PT LTS 1/2/3/ BLK 220 WILM

Highlights
  • .55 Acre Downtown Wilmington -Huge redevelopment potential
  • Prime retail site/mixed use site
  • Located at full access lighted intersection
  • CBD zoning allows for max use of lot
  • Heavy daily traffic count

Location
Gallery