319 N 3rd St Wilmington, NC 28401
MLS#: 30701176
$12,000,000

Property Information

Price
$12,000,000
Square Footage
55,000
Minimum RSF
55,000
Acres
1.93 Acres
Zoning
CBD, CENTRAL BUSINESS DISTRICT-CITY OF WILMIN

Location

County
New Hanover
City
Wilmington
State
NC
Zip
28401
Longitude
-77.9468
Latitude
34.2398

Property Description

Opportunity to purchase Riverbend, an urban infill mixed-use development located in the CBD of Wilmington, NC. Riverbend consists of 1.93 acres of a downtown city block bounded North Third Street, Grace Street, Second Street, and Walnut Street. Existing improvements include a 5-story 55,000 SF Class A office building (formerly known as the Bank of America Financial Center) and surface parking. Future improvements proposed for Riverbend include a 504-space structured parking deck, a 110-unit midrise multifamily development, and a future site for a hotel or retail development. Plans are complete for the parking deck and multi-family project and all permits should be in hand by 15-January-21. Riverbend is prominently situated in the Central Business District of downtown Wilmington and encompasses over 75% of a full city block. Downtown Wilmington has experienced a surge of private and public investments in recent years with the creation of new office buildings, hotels, parking decks, apartment communities and parks, and recreation. As a ?shovel ready? project, Riverbend is strategically positioned to capitalize on the continued population and business growth and momentum occurring in Wilmington and the Southeastern United States.

Location

No nearby properties found.
Listing Courtesy of Cameron Management, Inc