21 Market Street,Wilmington, NC 28401

1,600,000|Commercial|7,371 ft²
    21 Market Street,  Wilmington, NC 28401
    Status:Active
    Price:1,600,000
    Type:Commercial
    Size:7,371 ft²

    Amazing Possibilities

    Features
    • CBD Zoning- Downtown Historical District on Cape Fear River
    • Amazing Roof View Looking over the Cape Fear Memorial Bridge and Cape Fear River
    • Commercial Building with High Earning Potential with Business Leases
    • Qualifies for Historic Tax Credits of up to 35%
    • Many Unique Details- exposed brick walls, stamped tin ceiling tiles, original hardwood floors
    Remarks
    Potential is pouring out of this property, known as the Wiggins Building, located at the iconic center point of Historic Downtown Wilmington, on Market between Front and Water. Designed by architect Joseph Leitner and constructed in 1910, it boasts knockout views of the Cape Fear River from the street and an expansive roof top vista. This prime Central Business District location, rich in history, yields high foot traffic to support a range of uses and the property is in excellent condition. With the right vision, and team to implement, it will one day soon be one of the finest properties in all of downtown.

    Stand at the front entrance and gaze to the west over the Cape Fear River. Historic character exists throughout, including many original features like exposed brick walls and hard wood floors still intact in the majority of the building. The first floor has high ceilings with original stamped tin tile and arched beams. The demising wall separating the first floor into 2 units could easily be removed to return the space to one unit for alternate use. Both units are currently leased.

    The second floor is built out as offices (9 in total), providing excellent individual workspaces. Add some minor touch ups and your employees will never want to leave. The second floor also features a loft overlooking the streetscape and steps leading up. Second floor tenants are all on month to month leases.

    On the third floor is open space; a blank canvas begging for a grand concept. Envision prime residential, restaurant/ bar space, or high end office, which could potentially be incorporated into the 2nd floor use. Original wood floors with exposed brick walls and ceiling joists set the stage for something amazing.

    Venture to the roof top to experience some of the most spectacular views of downtown Wilmington, Cape Fear Memorial Bridge, and the banks of the Cape Fear River .

    This building is a “certified historic structure” and qualifies for associated tax incentives. See attached documents for history and tax credit information.
    General Information
    Zoning:
    CBD
    Cross Street:
    Market/Water
    Annual Property Tax:
    5,780.00
    County:
    New Hanover
    View:
    River/ Historic Downtown
    Building Details
    Year Built:
    1910
    # of Stories:
    3
    Roof Type:
    Membrane
    Commercial Details
    Zoning:
    CBD
    # of Units:
    11
    Amenities
    • Central A/C
    • Hardwood Floors
    • Marble Floors
    Mortgage Calculator
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    Kenneth Fisher<br />

    RE/MAX Essential

    1650 Military Cutoff Rd
    Wilmington, NC 28403

    (910) 772-2700
    REALTOR

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