519 Chestnut Street, Wilmington, NC 28401 (MLS# 100503126)
519 Chestnut Street, Wilmington, NC 28401
$243,500


























Property Type:
Comm Sale or Lease
Square Footage:
1,200
Lot Size (sq. ft.):
2,178
Status:
Closed
Current Price:
$243,500
List Date:
4/24/2025
Last Modified:
7/08/2025
Description
Welcome to 519 Chestnut St, a prime commercial property located in the heart of Downtown Wilmington, NC. This charming and well-established convenience store offers a unique opportunity for entrepreneurs looking to tap into the vibrant local market.
**Location, Location, Location!**
Situated in a bustling area, this property benefits from high foot traffic and visibility, making it an ideal spot for a convenience store or retail venture. Downtown Wilmington is known for its rich history, picturesque riverfront, and thriving arts scene, attracting both locals and tourists alike. With easy access to major thoroughfares and nearby attractions, your business will be perfectly positioned to serve a diverse clientele.
**Property Highlights:**
- **Established Business**: This property is currently operating as a successful convenience store, providing an immediate income stream and a loyal customer base.
- **Versatile Space**: The layout is conducive to a variety of retail opportunities, allowing for easy customization to fit your vision.
- **Community Hub**: Become a part of the vibrant downtown community, where residents and visitors gather for shopping, dining, and entertainment.
Don't miss your chance to own a piece of Downtown Wilmington! Whether you're looking to continue the current operation or bring your own concept to life, 519 Chestnut St is the perfect canvas for your entrepreneurial dreams. Contact us today to schedule a viewing and explore the endless possibilities this property has to offer!
More Information MLS# 100503126
Contract Info
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2025-04-17
Garage: N/A
Sale/Lease: Sale
Listing Price: 255000
Current Price: $243,500
List Price/SqFt: 212.5
Stipulation of Sale: Standard
Location Information
Street #: 519
Street Name: Chestnut
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.238262
Geo Lon: -77.942439
Remarks and Showing
Directions to Property: From Market Street turn right on N 6th Street. Turn left onto Chestnut Street. Business will be on your right in 50 feet.
Sign on Property: Yes
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 1200
Legal and Taxes
Tax Assessed Value: 119100
Deed Book: 9903
Deed Page: 692
Legal: E END 6 WILM BLK 195
Broker Owner: No
PID: R04817-013-012-000
Tax Identifier: R04817-013-012-000
Plat Book: 9903
Plat Page: 0692
Total Real Estate Property Taxes: 1036.17
Special Assessments: n/a
Tax Year: 2024
Year Built: 1965
Zoning: HD-R
HOA: No
Cobra Zone: No
Status Change Info
Under Contract Date: 2025-05-01
Sold Price: $243,500
Sold Date: 2025-06-27
Miscellaneous
Current Use: Grocery Store
Property Features
Business Type: Professional/Office; Retail; Business Service
Basement: None
Foundation: Slab
Fuel Tank: None
Lot Description: Corner Lot
Current Use: Commercial
Cooling: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Sewer: Municipal Sewer
Water Source: Public; Public
Terms: Cash; Conventional
Listing Office: Navigate Realty
Last Updated: July - 08 - 2025
Copyright 2024 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.