412 S 3rd Street, Wilmington, NC 28401 (MLS# 100432848)

$2,435,000
412 S 3rd Street
Wilmington, NC 28401
MLS# 100432848
6290 sqft
412 S 3rd Street, Wilmington, NC 28401
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412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401 412 S 3rd Street, Wilmington, NC 28401

Property Description
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. 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 read 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.

Details
Maps
Contract Info
Available Date: 2024-03-14
Status: Active
Effective Date: 2024-03-14
Delayed Marketing?: No
Delayed Marketing Date (DM): 2024-03-14
Sub-Type: Improved
Garage: N/A
Space: Yes
Sale/Lease: Sale
Listing Price: 2435000
Current Price: $2,435,000
List Price/SqFt: 387.12
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
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
Subdivision: Historic District
Geo Lat: 34.229938
Geo Lon: -77.945901
Remarks and Showing
Directions to Property: From Downtown Wilmington take 3rd Street, cross over Market Street to proceed on S 3rd Street.
Sign on Property: No
Building Info
New Construction: No
Building/Ext Features
# of Parking Spaces: 1
# of Units: 1
Lot Acres: 0.25
Lot SqFt: 10890
Lot Dimensions: 66 x 165
SqFt - Total Available: 6290
SqFt - Heated (Primary): 6290
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 640300
Total City Real Estate Property Tax: 5410
Deed Book: 6537
Deed Page: 2083
Legal: Pt Lot 3 Blk 101 Wilm Rev
Broker Owner: No
PID: R05405-032-015-000
Tax Identifier: R05405-032-015-000
Total Real Estate Property Taxes: 5410.54
Special Assessments: none
Tax Year: 2023
Year Built: 1903
Zoning: HD-R
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Miscellaneous
Ceiling Height: 10
Current Use: Bed and Breakfast
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
Current Service Providers
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: 337500
Total Annual Expenses: 114192
Net Operating Income: 223328
Cap Rate %: 9.2
Real Estate Taxes: 5410
Insurance Expense: 9411
Property Features
Sub-Type: Bed and Breakfast
Showing Instructions: Special Instructions
HOA and Neigh Amenities: No Amenities
Basement: Finished - No
Construction: Wood Frame
Exterior Finish: Wood Siding
Flooring: Tile; Wood
Foundation: Basement; Crawl Space
Fuel Tank: None
Sale/Lease Includes: Buildings; Business; Fixtures; Furniture; Inventory; Licenses/Permits; See Remarks
Parking Features: See Remarks
Road Type/Frontage: 2 - 3 Lanes; Public (City/Cty/St)
Roof: Metal; Shingle
Lot Description: See Remarks
Current Use: Other
Location: Historic District
Lot Water Features: None
Cooling: Central
Heating: Forced Air; Heat Pump
Heating System Fuel Source: Electric; Natural Gas
Water Heater: Electric
Utilities: Municipal Sewer; Municipal Water; Natural Gas Available
Terms: 1031 Exchange; Cash; Conventional

Listing Office: Intracoastal Realty Corp

Last Updated: April - 24 - 2024

412 S 3rd Street, Wilmington, NC 28401 - MLS# 100432848
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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