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412 S 3rd Street Wilmington, NC $ 2,195,000
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$ 2,195,000 Get more info
412 S 3rd Street
$ 2,195,000
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412 S 3rd Street

Wilmington, NC, 28401
$ 2,195,000
Bedrooms-- Baths-- Sq 6,290

Monthly Estimate*

$ 13,694

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Commercial Property for sale in Wilmington, NC

for $2,195,000. This 6,290 square foot building was built in 1903 on a lot size of 0.29.

Incredible investment and business opportunity right in the heart Wilmington's Historic District. Voted USA Today's 2023 Best Reader Choice Bed and Breakfast, the C.W. Worth House provides outstanding guest services in the Wilmington area. The level of mindfulness, tasteful renovations and charming historic appeal set this B&B opportunity apart from others. This beautiful historic landmark has seven guest rooms in addition to the main owner's suite. Each room has its own private entry, bathroom, and style. The inviting living areas are thoughtfully decorated and enhance the guest experience. Also included is a vacant parcel that is currently used by the owners for parking. Its prime location near downtown, the River Walk, and various dining options, placement within a historic district and room capacity provide a fantastic opportunity for its next owner. This property business is turnkey ready and has advanced booking that enabled the next owner to benefit from all the previous owner's efforts. CW Worth House has received national notoriety for their service and location. CW Worth house was awarded 2022 - Present: Select Registry Property, 2022 & 2023 TripAdvisor Travelers' Choice, 2023 Best Hotel/ Bed & Breakfast in the Cape Fear Region and 2023 USA Today #1 10Best Readers' Choice Best Bed & Breakfast. Considering the Award-Winning Business, Unique Charm, and a solid business plan enables the CW Worth House to continue to excel.

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Commercial Active

Price

$ 2,195,000

Property Type

Commercial

Taxes

$ 5,734

Style

Multi Family

Lot Size

0.29

Year Built

1903

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100488400
Features
General
Heating Electric Forced Air Heat Pump Natural Gas
Cooling Central Air
Utilities Natural Gas Available Water Available
Possession Close Of Escrow At Closing
Roof Metal Shingle
Zoning HD-R
Construction Materials Wood Siding
Year Built 1903
Property Subtype Multi Family
Tax Year 2024
Current Use Other Residential Multi-Family Other8 Bed and Breakfast
Taxes 5734
Location Historic District
Parcel Number R05405-032-015-000
Gross Income 312425.0
Business Type Bed & Breakfast
Waterfront Features None
County New Hanover
Net Operating Income 244434.0
Insurance Expense 9411.0
New Construction N
Property Type Commercial Sale
In City Limits? (Y/N) Y
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Garage Y/N N
Status Active
Directions From Downtown Wilmington Take South 3rd Street our of downtown. Property is at 412 S 3rd Street on the right hand side.
City Wilmington
Number Of Units Total 1
Lot Size Units Acres
Lot Size Square Feet 12632.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2025-02-11
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 640300
Cap Rate 10.5
Legal Description Pt Lot 3 Blk 101 Wilm. Rev Pt Lot 2 Blk 101 Wilmington
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Interior
Basement Unfinished
Flooring Tile Wood
Water Heater Electric
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Attic Features Access Only
Total Baths 0
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Exterior
Exterior Finish Wood Siding
Parking Features See Remarks Off Street Unpaved
Lot Features See Remarks
Water Source Public
Total Parking 2.0
Lot Size Area 0.29
Foundation Details Basement Crawl Space
Spa N
Building Area Total 6290
Lot Dimensions 66 x 165 and 32 x 55
Lot Size Acres 0.29
Waterfront Y/N N
Road Frontage Type City Street State Road 2 - 3 Lanes
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 412
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* Excluded Features
List By
Jeffrey G Hovis

Listing Agent

Intracoastal Realty Corp

Broker

jhovis@intracoastalrealty.com

Email

Affordability Calculator

$14,172
Per Month
97%
3%
0%
Monthly Principal & Interest
$13,694
Monthly Property Taxes
$478
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3960720 Elementary School
3960847 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/16/2025$2,195,000 -4.36% Price Down
5/22/2025$2,295,000 -1.08% Price Down
2/11/2025$2,320,000 Listed Price

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412 S 3rd Street, Wilmington, NC, 28401 is a Commercial Property for sale at $2,195,000 with 6,290 sqft and a lot size of 0.29. 412 S 3rd Street was built in 1903. The property's zip code is 28401 which is in Wilmington, NC

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