505 N 2nd Street, Wilmington, NC 28401 (MLS# 100485229)
505 N 2nd Street, Wilmington, NC 28401

































Description
Supplements: Operational Efficiency: Streamlined property management systems. Potential for value-added enhancements to maximize occupancy and revenue. Strong Revenue Potential: Robust performance metrics with consistent demand from leisure, film industry, music industry and corporate travelers. Opportunities for revenue growth through additional services and experiences. Property Details Year Built: 1948 Front Building (Completely Gutted and Renovated in 2019), 2019 Back Building Lot Size: .118 acres Building Size: 10,401 Zoning: CBD Current Occupancy/Beds: 44 Potential Occupancy/Beds: 62 Amenities and Features Guest Rooms: Luxuriously appointed with premium bedding, modern décor, and advanced in-room technology. Every suite boasts a fully equipped gourmet kitchen, complete with state-of-the-art appliances, sleek quartz countertops, and a handpicked collection of premium utensils and cookware. En-suite bathrooms featuring upscale fixtures and spa-like amenities. Fitness Center: State-of-the-art equipment catering to both casual and dedicated fitness enthusiasts. Lobby: Elegant and inviting space with a lounge area and bathroom perfect for socializing or relaxation. Additional Features: High-speed Wi-Fi throughout the property Eco-friendly initiatives to align with sustainability trends Security system Keyless guest lock access control system Market Overview Downtown Wilmington is a thriving coastal hub with a blend of historic charm and modern appeal. Known for its vibrant arts scene, unique shops, waterfront attractions, and cinematic filming, the area draws a diverse range of visitors year-round. The consistent influx of tourists, combined with a robust local economy, positions this boutique hotel for long-term success.