219 South Water St

$1,199,000, 1 Bed 3 Baths 3,489 Sqft .03 Acres

About This Property

DOWNTOWN WILMINGTON with water views! 3 sparkling units. Generates over $7000 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® #100114770
Price$1,199,000
Bedrooms1
Bathrooms3.00
Full Baths2
Half Baths1
Square Footage3,489
Acres0.03
Year Built2006
TypeSingle Family
StatusActive

Community Information

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

Amenities

AmenitiesNo Amenities
ParkingOn Site Parking, Paved
WaterfrontRiver View

Utilities

Municipal Sewer, Municipal Water

Interior

Interior Features9Ft+ Ceilings, Foyer
HeatingElectric, Forced Air
CoolingCentral Forced Air
# of Stories3
Stories3 Story or More

Exterior

ExteriorBrick, Stucco
Exterior FeaturesNone
Lot Description54 x 23 x 53 x 25
RoofMembrane
ConstructionSteel Frame, Brick/Stone
FoundationSlab

School Information

ElementarySnipes
MiddleWilliston
HighNew Hanover

Additional Information

Date ListedMay 7th, 2018
Days on Market364
ZoningCBD

Listing Details

OfficePort City Properties, Inc

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219 South Water St, Wilmington (MLS® #100114770) Property History

Price Reduced from $1,249,000 to $1,199,000

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