4,312 SqFt
4,312 SqFt
Key Details
Property Type Commercial
Sub Type Improved
Listing Status Active
Purchase Type For Sale
Square Footage 4,312 sqft
Price per Sqft $389
Subdivision Dawson-Castle Street
MLS Listing ID 100523747
HOA Y/N No
Year Built 1946
Annual Tax Amount $1,641
Lot Size 4,704 Sqft
Acres 0.11
Lot Dimensions 33'x150'x33'x150'
Property Sub-Type Improved
Source Hive MLS
Property Description
Prime investment opportunity in the heart of Wilmington's thriving Cargo District. Located at 708 S 17th Street, this fully leased multi-tenant commercial building offers stable cash flow, professional management, and long-term tenant stability in one of the city's most dynamic and rapidly appreciating districts. Situated within a designated Opportunity Zone, the property includes four total rentable units with two tenants. One tenant operates a vibrant retail storefront at the front of the building, while the second leases the remaining three spaces, including the rear commercial flex area and two custom-designed shipping container offices, both heated and cooled for year-round use.
Recent capital improvements have enhanced the property's value/efficiency and appeal, making it a low-maintenance investment with strong fundamentals. The site's flexible configuration and UMX (Urban Mixed-Use) zoning offer significant potential for future value-add strategies. Uniquely positioned in the creative core of the Cargo District—within walking distance to The Cargo District Food Court, CoWorx, End of Days Distillery, and an array of artisan shops and eateries—this asset appeals to both retail and creative office users seeking a highly desirable location. The property may also present an opportunity to assemble adjacent parcels, potentially creating one of the largest UMX-zoned offerings in the local market—ideal for long-term investors and developers.
Professionally managed and meticulously maintained, this is a rare chance to secure a turnkey commercial investment in a high-growth, opportunity-rich corridor of Wilmington.
Location
State NC
County New Hanover
Community Dawson-Castle Street
Zoning UMX
Direction Near Corner of 17th and Queen in The Cargo District.
Interior
Heating Electric
Exterior
Parking Features See Remarks
Building
New Construction No
Others
Tax ID R05411-011-003-000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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