$590,000 SALE
Retail
4,328 SF
616 Market St
Wilmington, NC 28401 Downtown Redevelopment!



SUBSTANTIAL PRICE DROP! Great reuse/redevelopment potential for 616 Market St AND 10 S 7th St. Existing building is in shell condition, and could be repurposed or removed. Lot is 0.25 acres. Parcel adjacent and behind 616 Market is currently a parking lot. This is 0.15 acres and combined with 616 Market it's a total of 0.40 acres. A plan previously approved by the city indicates 30+ parking spaces. Neighboring property (house/office) at 8 S 7th St is potentially available but has no off-street parking. Could be a good opportunity to combine all three parcels/buildings. Great visibility with Market St frontage, between 6th and 7th street, adjacent to David Lyle Architecture and Carolina Retirement Planners. Previously approved plans for a law office with parking is attached to this listing. Links to HD and HD-R zoning: https://library.municode.com/nc/wilmington/codes/code_of_ordinances?nodeId=PTIIITECO_CH18LADECO_ART5ZODIRE_DIVIIDIRE_S18-187HDHIDI https://library.municode.com/nc/wilmington/codes/code_of_ordinances?nodeId=PTIIITECO_CH18LADECO_ART5ZODIRE_DIVIIDIRE_S18-189HIDISI


Property Type Retail
Property Use Vacant
Zoning HD (HISTORIC DISTRICT)
Listing ID WC4BJ6
MLS ID 30651392
Style Retail – Free Standing
Building Size 4,328 SF
Lot Size 0.4 AC
Available Date Sep 17th, 2020
Property Features
Lot Size: Under 1/2 Acre
Water: City Water
Sewer: City
Additional Media Area Demographics

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