219 South Water St

$1,129,000, 3,489 Sqft .03 Acres

About This Property

DOWNTOWN WILMINGTON with water views! 3 sparkling units. Currently generates $7425 per month in gross rental income. Unlike anything else in downtown Wilmington! Formerly a warehouse, this conversion to mixed use on Water Street is as unique as it gets. This 3 story freestanding building is located in the Chandler's Wharf area. This building was originally part of the Hanover Iron Works complex. This building was newly constructed approx.12 years ago incorporating the antique brick walls of the old warehouse to maintain a vintage feeling. The exterior is brick & stucco accented with iron balconies & windows. This building was designed to allow for an easy condo conversion if desired and is fire sprinkled. All 3 units have separate electric & water meters. Upscale features include high ceilings, exposed metal duct work, ceramic tile & wood floors. Includes 3 deeded parking spaces and is located next door to a public parking area as well. Sweeping views of the Cape Fear River, both bridges, the Battleship & the Wilmington Historic District await you. This will be your favorite spot for fireworks for years to come. This building offers an easy conversion for many uses or enjoy it as it is. The first floor is ideal for a bar, small restaurant, gallery, retail or office space. The 2nd floor has a one bedroom unit and also has a gym. The penthouse on the top floor is probably one of the nicest downtown apartments you will see. Truly an impressive space to live and entertain. This space has been the home for many celebrities while visiting Wilmington. Beautiful condition in a superb location. High and dry during Hurricane Florence with no flooding on Water Street in this area!

Essential Information

MLS® #100114446
Price$1,129,000
Bathrooms0.00
Half Baths3
Square Footage3,489
Acres0.03
Year Built2006
TypeCommercial
Sub-TypeMixed Use
StatusActive

Community Information

Address219 South Water St
AreaDowntown
SubdivisionDowntown
CityWilmington
CountyNew Hanover
StateNC
Zip Code28401

Amenities

FeaturesSecurity System, Fire Alarm
Parking Spaces3
WaterfrontRiver View

Utilities

Municipal Sewer, Municipal Water

Parking

Paved, On Site Parking, Off Street

Interior

HeatingElectric, Forced Air
CoolingCentral Forced Air

Exterior

ExteriorBrick, Stucco
Lot DescriptionOf Record
RoofMembrane
ConstructionBrick/Stone, Steel Frame
FoundationSlab

Additional Information

Date ListedMay 4th, 2018
Days on Market578
ZoningCBD

Listing Details

OfficePort City Properties, Inc

Get directions to this property:

219 South Water St, Wilmington (MLS® #100114446) Property History

Price Reduced from $1,135,000 to $1,129,000
Price Reduced from $1,139,000 to $1,135,000
Price Reduced from $1,145,000 to $1,139,000
Price Reduced from $1,149,000 to $1,145,000
Price Reduced from $1,159,000 to $1,149,000
Show All History (9)

Copyright 2019 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

Have a Question?

Contact Us

Follow Us