412 S 3rd Street, Wilmington, NC 28401

$2,175,000

Property Type: Comm Sale or Lease Square Footage: 6,290 Lot Size (sq. ft.): 12,632 Status: Active

Current Price: $2,175,000 List Date: 2/11/2025 Last Modified: 4/07/2026

Overview

Description

Incredible investment and business opportunity right in the heart Wilmington's Historic District. Voted USA Today's 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 ... (Read more)

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Listing Details MLS# 100488400

Contract Info

Available Date: 2025-02-11
Delayed Marketing?: No
Marketing Start Date: 2025-02-11
Sub-Type: Multi Family
Garage: N/A
Space: Yes
Sale/Lease: Sale
Listing Price: 2175000
List Price/SqFt: 345.79
Stipulation of Sale: Standard

Location Information

Street #: 412
Pre Direction: S
Street Name: 3rd
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: From Downtown Wilmington, Take South 3rd Street our of downtown. Property is at 412 S 3rd Street on the right hand side.
Sign on Property: No

Building Info

New Construction: No

BuildingExt Features

SqFt - Heated (Primary): 6290

Legal and Taxes

Tax Assessed Value: 640300
Total City Real Estate Property Tax: 5410
Deed Book: 6598
Deed Page: 732
Legal: Pt Lot 3 Blk 101 Wilm. Rev Pt Lot 2 Blk 101 Wilmington
Broker Owner: No
PID: R05405-032-015-000
Tax Identifier: R05405-032-015-000
Total Real Estate Property Taxes: 5570.61
Special Assessments: none
Tax Year: 2024
Year Built: 1903
Zoning: HD-R
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Plat Book: No
Plat Page: No

More Information

Miscellaneous

Ceiling Height: 10
Current Use: Bed and Breakfast

Current Service Providers

Trash Provider: City of Wilmington
Electric Provider: Duke Progress Energy
Internet Service Provider(s): Spectrum
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority

Financial Info

Financial Info: Yes
Gross Income: 312425
Total Annual Expenses: 97991
Net Operating Income: 244434
Cap Rate %: 10.5
Real Estate Taxes: 5734
Insurance Expense: 9411

Building/Ext Features

ud_i_08: 4
# of Parking Spaces: 2
# of Units: Yes
Fireplace Y/N: Yes
Lot Acres: 0.29
Lot SqFt: 12632
Lot Dimensions: 66 x 165 and 32 x 55
SqFt - Total Available: 5918
Location Type: Mainland

Showing Instructions

Special Instructions: Yes

Business Type

Bed & Breakfast: Yes

Current Use

Multi-Family: Yes
Residential: Yes
Other: Yes

HOA and Neigh Amenities

No Amenities: Yes

Attic

Access Only: Yes

Basement

Unfinished: Yes

C & I Features

None: Yes

Construction

Wood Frame: Yes

Lot Water Features

None: Yes

Exterior Finish

Wood Siding: Yes

Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Foundation

Basement: Yes
Crawl Space: Yes

Flooring

Tile: Yes
Wood: Yes

Fuel Tank

None: Yes

Parking Features

Off Street: Yes
Unpaved: Yes
See Remarks: Yes

Sale/Lease Includes

Buildings: Yes
Business: Yes
Fixtures: Yes
Furniture: Yes
Inventory: Yes
Land: Yes
Licenses/Permits: Yes
See Remarks: Yes

Roof

Metal: Yes
Shingle: Yes

Lot Description

See Remarks: Yes

Road Type/Frontage

2 - 3 Lanes: Yes
Public (City/Cty/St): Yes

Road/Trans Access

Airport: Less than 5 Miles
County Highway: Less than 5 Miles
Interstate: Less than 5 Miles
Port: 6 - 10 Miles
Rail: 6 - 10 Miles
State Highway: Less than 5 Miles

Cooling

Central Air: Yes

Location

Historic District: Yes

Heating

Forced Air: Yes
Heat Pump: Yes

Heating System Fuel Source

Electric: Yes
Natural Gas: Yes

Water Heater

Electric: Yes

Utilities

Natural Gas Available: Yes
Water Available: Yes

Water Source

Municipal Water: Yes

Sewer

Municipal Sewer: Yes

Fireplace Features

Dining Room: Yes
Gas Log: Yes
Library: Yes
Living Room: Yes

Property Features

Business Type: Bed & Breakfast Showing Instructions: Special Instructions HOA and Neigh Amenities: No Amenities Attic: Access Only Basement: Unfinished Construction: Wood Frame Exterior Finish: Wood Siding Flooring: Tile; Wood Foundation: Basement; Crawl Space Fuel Tank: None Parking Features: Off Street; Unpaved; See Remarks Roof: Metal; Shingle Lot Description: See Remarks Current Use: Multi-Family; Residential; Other Location: Historic District Lot Water Features: None Cooling: Central Air Fireplace Features: Dining Room; Gas Log; Library; Living Room Heating: Forced Air; Heat Pump Heating System Fuel Source: Electric; Natural Gas Water Heater: Electric Utilities: Natural Gas Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional

Listing Office: Intracoastal Realty Corp

IDX

Last Updated: April - 07 - 2026

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