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243 Front St
Wilmington, NC 28401
Office Property For Sale
Executive Summary
Rare opportunity to own an entire 23,750 SF building prominently located in the heart of downtown Wilmington. Situated on a 0.19-acre parcel zoned Central Business District (CBD), this property offers exceptional flexibility and potential for both owner-occupants and investors.
The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end.
With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.
The building features 21,600 usable square feet (excludes unconditioned basement/storage area), currently occupied by a single office tenant through April 30, 2026. The tenant has provided notice to vacate at lease end.
With dual access from both Front Street and Bijou Park, the property is well-suited to accommodate multiple future tenants. The ground floor layout is ideal for conversion to retail use, enhancing income potential.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
23,750 SF
Building Class
C
Year Built
1900
Price
$4,950,000
Price Per SF
$208.42
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,917 SF
Building FAR
2.73
Lot Size
0.20 AC
Zoning
CBD,CENTRA - Central Business District
Property Taxes
| Parcel Number | R04720-007-014-000 | Improvements Assessment | $6,922,900 |
| Land Assessment | $579,100 | Total Assessment | $7,502,000 |
Property Taxes
Parcel Number
R04720-007-014-000
Land Assessment
$579,100
Improvements Assessment
$6,922,900
Total Assessment
$7,502,000
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