404 3Rd StWilmington, NC 28401

  • Office properties
  • 7,020 SF
For Lease
$29.64/SF/YR View listing

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
404 3Rd St, Wilmington, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$390,500
$515,700
$906,200
-
$390,500
$515,700
$906,200

FAQs

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