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MLS® ID: 100203302

8 S 7th Street

Wilmington, North Carolina, 28401

$359,000 Active
  • 3396 SQFT
Unique business and investment property opportunity that is located in the heart of Wilmington's Downtown Historic District. By right, this property can be a residential duplex that can generate rental income. The downtown rental market is competitive and the demand is extreme. As a residential duplex, the downstairs and upstairs units each have three bedrooms and one bathroom. Each unit has a large living areas and exterior covered porches. There is also a 3rd floor open attic area that can be storage or possible additional living space. This property also has the potential of operating as a mixed use building. A Special Use Permit exists that provides an outline of utilizing the downstairs unit as an office and the upstairs unit as a residence. The new owner would need to work through planning and zoning to approve the use. The existing special use permit information is provided as an attachment. The location of this sit is within walking distance to downtown. The property is bordered by residential and commercial uses. The residential use provides someone to own one unit and rent the other. Upon approval the right owner/operator or investor has great mixed use income earning potential. Must contact City of Wilmington Planning to utilize the special use permit.
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Listing courtesy of Intracoastal Realty Corporation

Amenities

  • Zip
    28401
  • Office name
    Intracoastal Realty Corporation
  • SQFT
    3396
  • Property type
    G
  • Zoning type
    HD
  • Year built
    1918
  • Lot size
    0.06
  • Agent name
    Stephanie A Heller
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    3000-3500 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    579502589
  • Agent ID
    579509530

Location

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