218 3Rd StWilmington, NC 28401

This exceptional 0.41-acre commercial land parcel, located at 218 N 3rd Street in Wilmington, North Carolina, presents a remarkable redevelopment opportunity. Situated in the heart of the Central Business District (CBD), this property boasts approximately 17,795 square feet and 132.07 feet of frontage on North 3rd Street. The permitted zoning allows for a building height of up to 100 feet, offering significant development potential. Currently, an 8,141 square foot, one-story building sits on the site. According to the City of Wilmington, this existing structure is not considered a contributing structure and can be either repurposed or demolished to facilitate a complete redevelopment. The property's central location places it in close proximity to the Courthouse, City of Wilmington Building, hotels, banks, office buildings, the Convention Center, and numerous local businesses and residential areas. The property's APN is R04817-015-002-000. This is a rare chance to acquire a prime piece of land in Wilmington's thriving downtown core, ideal for a variety of commercial developments. The asking price is $3,850,000. The zip code is 28401. This is located in New Hanover County.