708 Market Street, Wilmington, NC 28401 (MLS# 100472146)

708 Market Street, Wilmington, NC 28401

$990,000
Property Type: Comm Sale or Lease Square Footage: 5,467 Lot Size (sq. ft.): 18,252 Status: Active
Current Price: $990,000 List Date: 10/21/2024 Last Modified: 7/22/2025

Description

An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district. There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too. The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity. The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more! A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and more.

More Information MLS# 100472146

Contract Info

Available Date: 2024-10-21 Status: Active Delayed Marketing?: No Marketing Start Date: 2024-10-21 Sub-Type: Multi Family Garage: Masterlock Sale/Lease: Sale Listing Price: 990000 Current Price: $990,000 List Price/SqFt: 181.09 Stipulation of Sale: Standard

Location Information

Street #: 708 Street Name: Market Street Suffix: Street County: New Hanover State/Province: NC Zip Code: 28401 City Limits: Yes Marketing City: Wilmington Subdivision: Dawson-Castle Street Geo Lat: 34.235595 Geo Lon: -77.940234

Remarks and Showing

Directions to Property: From downtown take Market Street East. House is in the 700 block of Market Street. Sign on Property: Yes

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 5467

Legal and Taxes

Tax Assessed Value: 516100 Deed Book: 6443 Deed Page: 1859 Legal: Pt Lts 1/2/3 Blk 158 Wilm Broker Owner: No PID: R04817-039-004-000 Tax Identifier: R04817-039-004-000 Total Real Estate Property Taxes: 4490.07 Special Assessments: none Tax Year: 2024 Year Built: 1948 Zoning: HD HOA: No Cobra Zone: No Federal Flood Ins Avlbl: Yes

Current Service Providers

Electric Provider: Duke Progress Energy Natural Gas Provider: Piedmont Natural Gas Co. Sewer Provider: Cape Fear Public Utility Authority Water Provider: Cape Fear Public Utility Authority

Property Features

Business Type: Mixed Attic: Access Only Basement: Dirt Floor Exterior Finish: Wood Siding Flooring: Tile; Wood; See Remarks Fuel Tank: None Green Bldg Features: None Parking Features: Off Street Roof: Metal Lot Description: See Remarks Current Use: Vacant Location: Historic District Lot Water Features: None Cooling: Central Air Heating: Forced Air Heating System Fuel Source: Natural Gas Water Heater: Electric Utilities: Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: Cash; Conventional
Listing Office: Intracoastal Realty Corp
Last Updated: July - 22 - 2025
708 Market Street, Wilmington, NC 28401- MLS# 100472146
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