21 Market Street
Wilmington, NC 28401

$1,600,000

Description

Potential is pouring out of this property, known as the Wiggins Building, located at the iconic center point of Historic Downtown Wilmington, on Market between Front and Water. Designed by architect Joseph Leitner and constructed in 1910, it boasts knockout views of the Cape Fear River from the street and an expansive roof top vista. This prime Central Business District location, rich in history, yields high foot traffic to support a range of uses and the property is in excellent condition. With the right vision, and team to implement, it will one day soon be one of the finest properties in all of downtownStand at the front entrance and gaze to the west over the Cape Fear River. Historic character exists throughout, including many original features like exposed brick walls and hard wood floors still intact in the majority of the building. The first floor has high ceilings with original stamped tin tile and arched beams. The demising wall separating the first floor into 2 units could easily be removed to return the space to one unit for alternate use. Both units are currently leased. The second floor is built out as offices (9 in total), providing excellent individual workspaces. Add some minor touch ups and your employees will never want to leave. The second floor also features a loft overlooking the streetscape and steps leading up. Second floor tenants are all on month to month leases. On the third floor is open space; a blank canvas begging for a grand concept. Envision prime residential, restaurant/ bar space, or high end office, which could potentially be incorporated into the 2nd floor use. Original wood floors with exposed brick walls and ceiling joists set the stage for something amazing. Venture to the roof top to experience some of the most spectacular views of downtown Wilmington, Cape Fear Memorial Bridge, and the banks of the Cape Fear River . This building is a "certified historic structure" and qualifies for associated tax incentives. See attached documents for history and tax credit information.

Details

MLS#100171398
Sub-TypeResale
StatusActive
Year1910
Days On Site30

Features

SQ Feet7,371
Story(s)1
Units11
ZoningCBD

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Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28401
AreaNew Hanover
Listing VS Median (in 28401)
Price:
$1,600,000
low | high
Med:
$219,000
100% of Average
SqFt:
7,371
low | high
Med:
990
100% of Average
$ / SqFt:
$217
low | high
Med:
$221
48.090340909091% of Average
On Site:
30
low | high
Med:
751
3.994673768309% of Average
Listing Updated: 07/19/2019
MLS Number: 100171398
Listing Provided By:
Kenneth T Fisher  of  RE MAX Essential
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