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
519 Chestnut Street, Wilmington, NC 28401- MLS# 100503126
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