404 3Rd StWilmington, NC 28401
- Office properties
- 7,020 SF
Property Details for 404 3Rd St
- Year built
- 1952
- Construction
- STEEL & CONCRETE
- Lot size
- 0.32 AC
- Property size (Sq ft)
- 7,020 SF
- Zone code
- CBD,CENTRAL BUS DIST
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- R04813-032-004-000
- APU
- R04813032004000
Description
This exceptional 200-square-foot executive office space, located at 404 N 3rd St, Wilmington, NC 28401, is perfect for startups and independent professionals. Situated in a two-story, 1952-built building in Wilmington's vibrant Central Business District (CBD), this single-tenant space offers a blend of convenience and style. The building features 11 first-floor private offices and three currently available on the second floor, all offering a variety of layouts to suit individual needs. Amenities include shared conference space, on-site asphalt parking, 24/7 access, a convenient kitchenette, high-speed internet access, and a dedicated mailbox. The property's central location places you within easy walking distance of numerous restaurants, shops, and the scenic Wilmington Riverwalk. No long-term lease commitment is required, offering flexibility for your business needs. The building is zoned for CBD use and is easily accessible via Walnut Cross Street. This is an unparalleled opportunity to establish your business in a thriving downtown Wilmington location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,701,606
- 6.5%
- $1,570,713
- 7%
- $1,458,519
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,858,345
- Geo Method
- $1,611,371
-
Alternative Use
- Use
- Valuation
- Residential
- $1,947,684
- Hospitality
- $1,784,068
- Educational
- $1,484,324
- Medical
- $1,535,372
- Retail
- $2,308,948
Location Insight
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Latitude
- 34.2404
- Longitude
- -77.9462
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].