8 S 7th Street

    Wilmington, NC 28401
    • $359,000
    • STATUS: Active
    • ON SITE: 56 days
    • MLS #: 100203302
    UPDATED: 46 min ago
    $359,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,396
      SQFT
    • $106
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1918
    County:
    Area:

    School Ratings & Info

    Description

    Unique business and investment property opportunity that is located in the heart of Wilmington's Downtown Historic District. By right, this property can be a residential duplex that can generate rental income. The downtown rental market is competitive and the demand is extreme. As a residential duplex, the downstairs and upstairs units each have three bedrooms and one bathroom. Each unit has a large living areas and exterior covered porches. There is also a 3rd floor open attic area that can be storage or possible additional living space. This property also has the potential of operating as a mixed use building. A Special Use Permit exists that provides an outline of utilizing the downstairs unit as an office and the upstairs unit as a residence. The new owner would need to work through planning and zoning to approve the use. The existing special use permit information is provided as an attachment. The location of this sit is within walking distance to downtown. The property is bordered by residential and commercial uses. The residential use provides someone to own one unit and rent the other. Upon approval the right owner/operator or investor has great mixed use income earning potential. Must contact City of Wilmington Planning to utilize the special use permit.

    Monthly Payment Calculator



    © 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 2020-04-04T07:59:20.837.
    www.remaxessential.com/homes/103008513

    8 S 7th Street Wilmington, NC 28401

    • Price: $359,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 100203302
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,396
    SQFT
    $106
    $/SQFT
    1918
    Built
    Neighborhood:
    Downtown
    County:
    New Hanover
    Area:
    Wilmington
    Property Description
    Unique business and investment property opportunity that is located in the heart of Wilmington's Downtown Historic District. By right, this property can be a residential duplex that can generate rental income. The downtown rental market is competitive and the demand is extreme. As a residential duplex, the downstairs and upstairs units each have three bedrooms and one bathroom. Each unit has a large living areas and exterior covered porches. There is also a 3rd floor open attic area that can be storage or possible additional living space. This property also has the potential of operating as a mixed use building. A Special Use Permit exists that provides an outline of utilizing the downstairs unit as an office and the upstairs unit as a residence. The new owner would need to work through planning and zoning to approve the use. The existing special use permit information is provided as an attachment. The location of this sit is within walking distance to downtown. The property is bordered by residential and commercial uses. The residential use provides someone to own one unit and rent the other. Upon approval the right owner/operator or investor has great mixed use income earning potential. Must contact City of Wilmington Planning to utilize the special use permit.
    Exterior Features

    Construction Wood Frame Exterior Finish Wood Siding Foundation Crawl SpacePilings Location Historic District Location Type Mainland Lot Description See Others Lot Dimensions 42 X66 Lot Water Features None Number Of Parking Spaces 0 Parking Driveway Street Only Road Type Frontage 2 - 3 LanesPavedPublic (City/Cty/St) Roof Metal

    Interior Features

    Attic FlooredStairs - Perm Basement Finished - NoOutside Entrance Ceiling Height 9.00 Cooling System Central Flooring TileWood Heating System ElectricHeat Pump Sq Ft Apx Total 3396.00 Sq Ft Office 1698.00 Sq Ft Total Available 3396.00 Water Heater Electric

    Property Features

    Airport Less Than 5 Miles Auction No City Limits Yes Cobra Zone No Commercial Features Reception Area Commercial Sub Type Mixed Use County Highway Less Than 5 Miles County Taxes 1247.23 Current Use Vacant Electric Provider Duke Progress Energy Federal Flood Ins Avlbl Yes Fuel Tank None Green Building Features None Hoa YN No Interstate Less Than 5 Miles Lease Types See Remarks New Construction No Port Less Than 5 Miles Possession At Closing Property Taxes 1247.23 Rail Less Than 5 Miles Sale Lease Includes Buildings 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 2019 Terms CashConventional Water Provider Cape Fear Public Utility Authority Water Sewer Municipal SewerMunicipal WaterNatural Gas Available Zoning Hd



    Listing information © 2020 NCRMLS
    Listing provided courtesy of Stephanie A Heller of Intracoastal Realty Corporation.


    © 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 2020-04-04T07:59:20.837.
     
    RE/MAX Essential
    1650 Military Cutoff Road
    Wilmington NC, 28403