MLS# 100488400 - 412 S 3rd Street, Wilmington, NC 28401 -

Courtesy of Jeffrey G Hovis, Intracoastal Realty Corp

Property Description

Description

6,290 Sqft

12,632 Sqft lot

0.29 Acre lot

Status: Active

Property Type: Multi-family

Year Built: 1903

Days on Website: 77

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. 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, 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.

Property Details and Features

Property Access

Road/Trans Access:

Airport: Less than 5 Miles

Road/Trans Access:

County Highway: Less than 5 Miles

Road/Trans Access:

Interstate: Less than 5 Miles

Road/Trans Access:

Port: 6 - 10 Miles

Road/Trans Access:

Rail: 6 - 10 Miles

Road/Trans Access:

State Highway: Less than 5 Miles

Attic Information

Access Only

Basement

Finished - No

Cooling

Central

Exterior Features

Wood Siding

Floors

Tile

Wood

Foundation

Basement

Crawl Space

Water Features

Electric

Heating

Forced Air

Heat Pump

Home Owner's Association

HOA Amenities:

No Amenities

Listing

Listed on 2025-02-11

Sale/Lease Includes:

Buildings,See Remarks,Licenses/Permits,Land,Inventory,Furniture,Fixtures,Business

Sale/Lease:

Sale

Sub-Type:

Bed and Breakfast

Terms:

1031 Exchange,Cash,Conventional

Location

City Limits:

Yes

County:

New Hanover

Latitude:

34.229938

Location:

Historic District

Longitude:

-77.945901

Subdivision:

Not In Subdivision

Zip Code:

28401

Lot

12,632 sqft lot

Lot Description:

See Remarks

Lot Dimensions:

66 x 165 and 32 x 55

Lot Water Features:

None

0.29 acres

Parking

Parking/Driveway:

Off Street,Unpaved,See Remarks

2 parking spaces

Possession

At Closing

Property

1 unit

6,290 heated sqft

5,918 total available sqft

Built in 1903

C & I Features:

None

Cap Rate %:

10.50

Ceiling Height:

10.00

Construction:

Wood Frame

Current Use:

Bed and Breakfast

Federal Flood Insurance available

Financial Info:

Yes

Gross Income:

$312,425

Insurance Expense:

$9,411

List Price/SqFt:

$369

Net Operating Income:

$244,434

Real Estate Taxes:

$5,734

Total Annual Expenses:

$97,991

Zoning:

HD-R

Roof

Metal

Shingle

Sewer

Municipal Sewer

Natural Gas Available

Municipal Water

Taxes

City Tax Rate:

6598

County Taxes:

$5,410

Property Taxes:

$5,571

Tax Year:

2024

Utilities

Electric Provider:

Duke Progress Energy

Sewer Provider:

Cape Fear Public Utility Authority

Water Provider:

Cape Fear Public Utility Authority

Fuel Tank:

None

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Contact an Agent

910 547-4653 Email Me

Location

$2,320,000 -

412 S 3rd Street Wilmington , NC 28401

City Limits: Yes

Street View

Nearby Schools

Recent Sales in the Area

910 547-4653

412 S 3rd Street Wilmington , NC 28401

Property Description

Description

Open House

Open House

Property Details and Features

Property Details and Features

Contact an Agent

Location

Street View

Nearby Schools

Recent Sales in the Area

Similar Properties Nearby