420 N 3rd Street, Wilmington, NC 28401 (MLS# 100110992)
420 N 3rd Street, Wilmington, NC 28401
$1,400,000
Property Type:
Land
Lot Size (sq. ft.):
23,958
Status:
Closed
Current Price:
$1,400,000
List Date:
1/04/2021
Last Modified:
6/09/2021
Description
This prime retail development site is located at the full access lighted intersection of 3rd St and Red Cross St. and it also offers alley access on the other 2 sides. Currently on the property is a building that served as an auto garage in the past and could be retrofitted to a very cool restaurant or bar. Redevelopment potential is extremely high here, among the most active in the area. This site overlooks Cape Fear Community College and is surrounded by new development in every direction. Third St sees heavy traffic daily and the site has a clean environmental bill of health. CBD zoning allows for maximum use of the lot for building envelope.
Paved Lot with no setbacks - for repurpose or knockdown - EXCELLENT Visibility
More Information MLS# 100110992
Contract Info
Status: Closed
Marketing Start Date: 2018-04-16
Sub-Type: Mixed Use
Auction: No
Listing Price: 1550000
Current Price: $1,400,000
List Price/Acre: 2818181.82
Stipulation of Sale: Standard
Location Information
Street #: 420
Pre Direction: N
Street Name: 3rd
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.241001
Geo Lon: -77.946413
Remarks and Showing
Directions to Property: Downtown Wilmington/ Central Business District - Corner Property
Take Eastwood/MLK towards downtown, merges into 3rd St. Property is on the southeast corner of Red Cross and N 3rd St (across from the Shell Station)
Sign on Property: Yes
Property Exterior Info
Acres - Total: 0.55
Lot SqFt: 23958
Deed Restriction: No
Total Road Frontage: 150
Waterfront: No
Waterview: No
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 376700
Deed Book: 5265
Deed Page: 1694
Legal: PT LTS 1/2/3 BLK 220 WIM
Broker Owner: No
PID: R04813032002000
Tax Identifier: R04813032002000
Plat Book: 1844
Plat Page: 872
Special Assessments: none
Tax Year: 2017
Zoning: CBD
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Virgo
High School: New Hanover
Status Change Info
Under Contract Date: 2021-01-21
Sold Price: $1,400,000
Sold Date: 2021-06-08
Property Features
Current Use: Retail
Bldgs on Property: Garage
Soil Evaluation: Soil Evaluation - No
Topography: Cleared; Level
Fuel Tank: None
Environmental Hazard: No
HOA and Neigh Amenities: No Amenities
Terms: Cash; Conventional
Listing Office: RE/MAX Essential
Last Updated: June - 09 - 2021
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