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416 Walnut St - Adaptive Reuse Opportunity 4,985 SF Specialty Building Offered at $799,000 in Wilmington, NC 28401
Executive Summary
Adaptive reuse opportunity in Historic Wilmington. Highly visible building on large 0.31 acre corner lot. Walk to Downtown, The Riverwalk, the Brooklyn Arts District, restaurants, breweries, bars, art galleries and entertainment venues. Flexible HD-MU zoning allows for a variety of uses including office, business and personal services, bed & breakfast, general retail, restaurant and residential (permitted, with conditions or special use permit). On site parking. The property is located in the Historic District. All exterior improvements and alterations require a certificate of appropriateness from the Wilmington Historic Preservation Commission. The property is vacant and offered in "as-is where is" condition. Contact listing agent to schedule access. Shown by appointment only.
Property Facts
| Price | $799,000 | Building Class | C |
| Price Per SF | $160.28 | Lot Size | 0.31 AC |
| Sale Type | Investment or Owner User | Building Size | 4,985 SF |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Specialty | Year Built | 1923 |
| Zoning | HD-MU - Historic District - Mixed Use | ||
| Price | $799,000 |
| Price Per SF | $160.28 |
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 4,985 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | HD-MU - Historic District - Mixed Use |
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R04813-044-001-000 | Improvements Assessment | $690,000 |
| Land Assessment | $169,600 | Total Assessment | $859,600 |
Property Taxes
Parcel Number
R04813-044-001-000
Land Assessment
$169,600
Improvements Assessment
$690,000
Total Assessment
$859,600
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416 Walnut St - Adaptive Reuse Opportunity