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5025 Market Street

Wilmington, NC 28405
  • $9,000,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 100371412
UPDATED: 47 min ago
$9,000,000
  • 0
    BEDS
  • 4.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 52,852
    SQFT
  • $170
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1974
County:
Area:

School Ratings & Info

Description

This 120 Key hotel was has recently completed renovations. It is located near the intersection of US Highway 17 and New Centre Drive, in Wilmingtons Mid Town District.The property has a pool and banquet hall in the rear. The site is 4.5 acres, it has a cross parking agreement with the Dentists Office formerly Old Chicago Pizza (for long time Wilmington Residents). The building is in a L Shape configuration is two stories and is exterior entry.This site is located in the area of Market Street that is currently undergoing transition. The new Hilton Tru and Tapestry located next door is finishing construction. Vivo Wilmington a new Studio Apartment conversion of the Budgetel and Motel 6 are bringing new life to this section of Wilmington.Target is planning an expansion of their store which is .44 miles away from the property. There are new retailers and employers locating in the area and bringing with them new developments, such as the 400 unit Azalea Landing Apartments.Dot Improvements in the area will include a median down Market Street which will improve traffic flow. This site is near a public bus stop and has quick access to Downtown Wilmington, Area Beaches and the major transit corridors in Wilmington (Highway 17, MLK Parkway, I-40/South College.This site is in the heart of the Wilmingtons Market Street Renaissance. Call the listing office to schedule a showing.

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Mid Carolina MLS logo© 2023 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2023-06-01T07:25:18.36.
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5025 Market Street Wilmington, NC 28405

  • Price: $9,000,000
  • Status: Active
  • On Site: 93 Days
  • Updated: 47 min ago
  • MLS #: 100371412
0
Beds
0
Baths
0
½ Baths
4.5
Acres
52,852
SQFT
$170
$/SQFT
1974
Built
Neighborhood:
Not In Subdivision
County:
New Hanover
Area:
Wilmington
Property Description
This 120 Key hotel was has recently completed renovations. It is located near the intersection of US Highway 17 and New Centre Drive, in Wilmingtons Mid Town District.The property has a pool and banquet hall in the rear. The site is 4.5 acres, it has a cross parking agreement with the Dentists Office formerly Old Chicago Pizza (for long time Wilmington Residents). The building is in a L Shape configuration is two stories and is exterior entry.This site is located in the area of Market Street that is currently undergoing transition. The new Hilton Tru and Tapestry located next door is finishing construction. Vivo Wilmington a new Studio Apartment conversion of the Budgetel and Motel 6 are bringing new life to this section of Wilmington.Target is planning an expansion of their store which is .44 miles away from the property. There are new retailers and employers locating in the area and bringing with them new developments, such as the 400 unit Azalea Landing Apartments.Dot Improvements in the area will include a median down Market Street which will improve traffic flow. This site is near a public bus stop and has quick access to Downtown Wilmington, Area Beaches and the major transit corridors in Wilmington (Highway 17, MLK Parkway, I-40/South College.This site is in the heart of the Wilmingtons Market Street Renaissance. Call the listing office to schedule a showing.
Exterior Features

Location Type Mainland Lot Dimensions 794X157

Property Features

Auction No City Limits Yes Cobra Zone No Commercial Sub Type CommercialHotel/Motel Hoa YN No New Construction No Sale Lease Includes Buildings Secondary Subdivision N/A Stipulation Of Sale None Tax Year 2023 Zoning Rb



Mid Carolina MLS logo Listing information © 2023 NCRMLS
Listing courtesy of David Branton of Eastern Carolinas Commercial Real Estate: (910) 399-4602.


Mid Carolina MLS logo© 2023 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2023-06-01T07:25:18.36.
 
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