Wilmington, NC 28401 412 S 3rd Street

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Presented By: Intracoastal Realty Corp
  • MLS# 100488400
  • 02/11/2025
  • Request Tour
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  • SQFT • 6,290
  • Garage • 2

Home Details

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 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, TripAdvisor Travelers' Choice, Best Hotel/ Bed & Breakfast in the Cape Fear Region and USA Today #1 10 Best 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.
Presented By: Intracoastal Realty Corp

Interior Features for 412 S 3rd Street

Bathrooms

Total Baths

Other Interior Features

SmokingYNNo
Air Conditioning Y/NYes
Attic FeaturesAccess Only
BasementUnfinished
Basement (Y/N)Yes
Ceiling Height10
Fireplace Y/NNo
FlooringTile, Wood
Heating Y/NYes
Water HeaterElectric

General for 412 S 3rd Street

Association AmenitiesNone
Attached Garage No
Availability Date2025-02-11
Business TypeBed & Breakfast
Cap Rate10.5
Carport Y/NNo
CityWilmington
Construction MaterialsWood Siding, Wood Frame
CoolingCentral Air
CountyNew Hanover
Current UseOther, Residential, Multi-Family, Other8, Bed and Breakfast
DirectionsFrom Downtown Wilmington, Take South 3rd Street our of downtown. Property is at 412 S 3rd Street on the right hand side.
Garage Y/NNo
Gross Income312425.0
HOANo
HeatingElectric, Forced Air, Heat Pump, Natural Gas
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
Insurance Expense9411.0
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionPt Lot 3 Blk 101 Wilm. Rev Pt Lot 2 Blk 101 Wilmington
LocationHistoric District
Lot Size Square Feet12632.0
Lot Size UnitsAcres
Net Operating Income244434.0
New ConstructionNo
Number Of Units Total1
Parcel NumberR05405-032-015-000
PossessionClose Of Escrow, At Closing
Property Attached Y/NNo
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofMetal, Shingle
Standard StatusActive
StatusActive
Structure TypeWood Frame
Subdivision NameNot In Subdivision
Tax Assessed Value640300
Tax Year2024
Taxes$5,734
UtilitiesNatural Gas Available, Water Available
Waterfront FeaturesNone
Year Built1903
ZoningHD-R

Exterior for 412 S 3rd Street

Building Area Total6290
Crops Included Y/NNo
Exterior FinishWood Siding
Foundation DetailsBasement, Crawl Space
Horse Y/NNo
Lot Dimensions66 x 165 and 32 x 55
Lot FeaturesSee Remarks
Lot Size Acres0.29
Lot Size Area0.29
Parking FeaturesSee Remarks, Off Street, Unpaved
Road Frontage TypeCity Street, State Road, 2 - 3 Lanes
SpaNo
Total Parking2.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Noah Smith

Realtor®
Price $2,175,000
MLS#100488400
List Date 02/11/2025
Property Type Commercial
Phone 910.800.1059
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