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$3,200,000

  • For Sale
  • Active
  • Commercial Service
  • 8,141 Sq. Ft.
  • 39 Parking Spaces
  • 0.41 Acres
  • Updated 2 days ago
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Property is located in the middle of downtown Wilmington. The land footprint is .41 acres (17,795 sq ft). The parcel has about 132.07 feet of frontage on North 3r Street. The property is location in the CBD (Central Business District). By right you can build up to 100 Feet. This property is located close to the Courthouse, City of Wilmington Building, hotels, banks, Office Buildings, Convention Center and many local business and residential areas. There is a one Story 8,141 sq. ft. building onsite. Per the City of Wilmington, this building is not a contributing structure so it can be utilized or removed/demo for a complete re-development of this prime location in Wilmington's Central Business District.

Full Property Details for 218 N 3rd St

General

  • Price: $3,200,000
  • Taxes: $4,418 (2022)
  • Status: Active
  • Type: Commercial Service
  • Source: 2253
  • MLS ID: 100389932
  • Updated: 5/13/2026
  • Added to Site: 1, 065 day(s) ago

Business

  • Business Type: Mixed, Retail, Commercial, Professional Service, Hotel

Interior

  • Flooring: Carpet, Concrete, Tile

Parking

  • Parking Features: Private, Off Street, On Site, Paved

Location

  • County: New Hanover
  • Subdivision: Downtown
  • Driving Directions: Take N 3rd street toward downtown, property is located in the 200 block of downtown between Chestnut and Grace Street.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Electric, None

Utilities

  • Sewer: Community Sewer, Cape Fear Public Utility Authority
  • Water: Community Water
  • Utility Description: Sewer Available, Water Available

Structural Information

  • Structure Type: Wood Frame
  • Construction: Block, Brick, Stucco
  • Basement Desc.: None
  • Roof: Metal
  • Ceiling Type: 16
  • Square Feet: 8,141
  • Current Bldg. Use: Vacant
  • Year Built: 1941

Lot Features

  • Lot Size (Acres): 0.41
  • Lot Size (Sq. Ft.): 17,795
  • Lot Dimensions: 132 x 121 x 66 x 28 x 149
  • Frontage: 4+ Lanes
  • Lot Features: Open Lot
  • Zoning: CBD

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $393.07
  • For Sale/Rent/Lease: Sale
  • Assessment Amount: $971,200
  • Tax Amount: $4,418.96
  • Tax Year: 2022
  • Terms: Cash, Conventional, Seller Financing

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: Pt Lts 2/3/4 Blk 193 Wilm
  • Property ID: R04817-015-002-000

Listed by Intracoastal Realty Corp, Jeffrey G Hovis and Intracoastal Realty Corp, Sky Grainger

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Listing agents

— 218 N 3rd St —

  • Jeffrey G Hovis

    Intracoastal Realty Corp

  • Sky Grainger

    Intracoastal Realty Corp

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 218 N 3rd St

School District:New Hanover County Schools
NameGradesDistance
Annie H Snipes Elementary
2150 Chestnut Street, Wilmington, NC 28405
K-51.5 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-80.8 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 218 N 3rd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2023
Listed
$3,200,000
178.26%
MLS
6/09/2017
Sold
$1,150,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 218 N 3rd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,629
94%
$2,761,000
184%
2024
$9,078
3%
$971,200
—
2023
$8,835
—
$971,200
—
2021
$8,843
—
$971,200
—
2022
$8,884
—
$971,200
49%
2021
$8,843
20%
$654,000
—
2018
$7,347
—
$654,000
—
2019
$7,347
4%
$654,000
—
2016
$7,049
—
$654,000
3%
2016
$7,049
10%
$636,200
—
2013
$6,387
—
$636,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 218 N 3rd St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Intracoastal Realty Corp, Jeffrey G Hovis and Intracoastal Realty Corp, Sky Grainger

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218 N 3rd Street, Wilmington, NC 28401 (MLS# 100389932) is a Commercial Service property. 218 N 3rd Street is currently listed for $3,200,000 and was received on June 16, 2023. Want to learn more about 218 N 3rd Street? Do you have questions about finding other Commercial Service real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.

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