404 3Rd StWilmington, NC 28401

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 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.

• 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

FAQs

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