21 Market Street

    Wilmington, NC 28401
    • $1,450,000
    • STATUS: Active
    • ON SITE: 283 days
    • MLS #: 100171398
    UPDATED: 42 min ago
    $1,450,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,371
      SQFT
    • $197
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:
    Area:

    School Ratings & Info

    Description

    Incredible opportunity to own a piece of Historic Wilmington in the heart of downtown. This 3 story, 7051 sqft brick building, built in 1910 boasts knockout views of the Cape Fear River and downtown Central Business District. This prime location yields high foot traffic to support two existing first floor retail tenants (real estate office/tattoo parlor). Historic character maintained throughout the building including exposed brick walls, original wood floors still intact in the majority of the building. The first floor has high ceilings with original stamped tin tile and arched beams. The first floor demising wall could easily be removed to return the space to one unit for alternate use. The second floor is built out as offices (9 in total) and features a loft with iconic streetscape views.The third floor is an open space, a blank canvas begging for a grand concept, either primo residential or ''Class A'' office, which could be incorporated into the 2nd floor use. The roof top experience offers spectacular views of downtown Wilmington and the river . The possibilities are endless with tons of value add potential. This building is a ''certified historic structure'' and qualifies for Historic Tax Credits of up to 35%. Redevelopment Opportunities are vast - Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other for Investment, Vacant/Owner-User, Business, Residential, Hospitality, Otherwood floors still intact in the majority of the building. The first floor has high ceilings with original stamped tin tile and arched beams. The demising wall separating the first floor into 2 units could easily be removed to return the space to one unit for alternate use. Both units are currently leased. The second floor is built out as offices (9 in total), providing excellent individual workspaces. Add some minor touch ups and your employees will never want to leave. The second floor also features a loft overlooking the streetscape and steps leading up. Second floor tenants are all on month to month leases. On the third floor is open space; a blank canvas begging for a grand concept. Envision prime residential, restaurant/ bar space, or high end office, which could potentially be incorporated into the 2nd floor use. Original wood floors with exposed brick walls and ceiling joists set the stage for something amazing. Venture to the roof top to experience some of the most spectacular views of downtown Wilmington, Cape Fear Memorial Bridge, and the banks of the Cape Fear River . This building is a "certified historic structure" and qualifies for associated tax incentives. See attached documents for history and tax credit information.

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    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-03-29T09:56:48.953.
    www.explorewilmingtonhomes.com/homes/96069022

    21 Market Street Wilmington, NC 28401

    • Price: $1,450,000
    • Status: Active
    • Updated: 42 min ago
    • MLS #: 100171398
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    7,371
    SQFT
    $197
    $/SQFT
    1910
    Built
    Neighborhood:
    Not In Subdivision
    County:
    New Hanover
    Area:
    Wilmington
    Property Description
    Incredible opportunity to own a piece of Historic Wilmington in the heart of downtown. This 3 story, 7051 sqft brick building, built in 1910 boasts knockout views of the Cape Fear River and downtown Central Business District. This prime location yields high foot traffic to support two existing first floor retail tenants (real estate office/tattoo parlor). Historic character maintained throughout the building including exposed brick walls, original wood floors still intact in the majority of the building. The first floor has high ceilings with original stamped tin tile and arched beams. The first floor demising wall could easily be removed to return the space to one unit for alternate use. The second floor is built out as offices (9 in total) and features a loft with iconic streetscape views.The third floor is an open space, a blank canvas begging for a grand concept, either primo residential or ''Class A'' office, which could be incorporated into the 2nd floor use. The roof top experience offers spectacular views of downtown Wilmington and the river . The possibilities are endless with tons of value add potential. This building is a ''certified historic structure'' and qualifies for Historic Tax Credits of up to 35%. Redevelopment Opportunities are vast - Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other for Investment, Vacant/Owner-User, Business, Residential, Hospitality, Otherwood floors still intact in the majority of the building. The first floor has high ceilings with original stamped tin tile and arched beams. The demising wall separating the first floor into 2 units could easily be removed to return the space to one unit for alternate use. Both units are currently leased. The second floor is built out as offices (9 in total), providing excellent individual workspaces. Add some minor touch ups and your employees will never want to leave. The second floor also features a loft overlooking the streetscape and steps leading up. Second floor tenants are all on month to month leases. On the third floor is open space; a blank canvas begging for a grand concept. Envision prime residential, restaurant/ bar space, or high end office, which could potentially be incorporated into the 2nd floor use. Original wood floors with exposed brick walls and ceiling joists set the stage for something amazing. Venture to the roof top to experience some of the most spectacular views of downtown Wilmington, Cape Fear Memorial Bridge, and the banks of the Cape Fear River . This building is a "certified historic structure" and qualifies for associated tax incentives. See attached documents for history and tax credit information.
    Exterior Features

    Construction Brick/Stone Exterior Finish Brick Location Cent Business DistrictHistoric District Location Type Mainland Lot Dimensions 28'X92 Lot Water Features River View Parking Driveway PublicStreet Only Road Type Frontage MaintainedPublic (City/Cty/St)

    Interior Features

    Attic None Basement None Ceiling Height 13.00 Cooling System Central Flooring MarbleWood Heating System ElectricHeat Pump Sq Ft Apx Total 7371.00 Sq Ft Total Available 7371.00 Water Heater Electric

    Property Features

    Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Sub Type Food ServiceMixed UseOfficeRetailUnimproved County Highway Less Than 5 Miles County Taxes 5780.00 Current Use Retail/Office Electric Provider Duke Progress Energy Fuel Tank None Hoa YN No Interstate 6 - 10 Miles New Construction No Port Less Than 5 Miles Rail Less Than 5 Miles Sale Lease Includes BuildingsLand Sale Or Lease Sale Secondary Subdivision N/A Sewer Provider Cape Fear Public Utility Authority State Highway Less Than 5 Miles Stipulation Of Sale None Tax Year 2018 Terms Cash Water Provider Cape Fear Public Utility Authority Water Sewer City WaterMunicipal Sewer Zoning Cbd



    Listing information © 2020 NCRMLS
    Listing provided courtesy of Kenneth T Fisher of Re/Max Essential.


    © 2020 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2020-03-29T09:56:48.953.
     
    David Cummings Real Estate Team
    1650 Military Cutoff Rd
    Wilmington NC, 28403