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412 S 3rd Street, Wilmington, NC 28401

$2,175,000
Property Type: Comm Sale or Lease Square Footage: 6,290 Lot Size (sq. ft.): 12,632 Status: Active
Current Price: $2,175,000 List Date: 2/11/2025 Last Modified: 3/02/2026

Overview

Description

Incredible investment and business opportunity right in the heart Wilmington's Historic District. Voted USA Today's 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, TripAdvisor Travelers' Choice, Best Hotel/ Bed & Breakfast in the Cape Fear Region and USA Today #1 10 Best 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.

Listing Details MLS# 100488400

Contract Info

Available Date
2025-02-11
Delayed Marketing?
No
Marketing Start Date
2025-02-11
Sub-Type
Multi Family
Garage
N/A
Space
Yes
Sale/Lease
Sale
Listing Price
2175000
List Price/SqFt
345.79
Stipulation of Sale
Standard

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
Marketing City
Wilmington
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
From Downtown Wilmington, Take South 3rd Street our of downtown. Property is at 412 S 3rd Street on the right hand side.
Sign on Property
No

Building Info

New Construction
No

BuildingExt Features

SqFt - Heated (Primary)
6290

Legal and Taxes

Tax Assessed Value
640300
Total City Real Estate Property Tax
5410
Deed Book
6598
Deed Page
732
Legal
Pt Lot 3 Blk 101 Wilm. Rev Pt Lot 2 Blk 101 Wilmington
Broker Owner
No
PID
R05405-032-015-000
Tax Identifier
R05405-032-015-000
Total Real Estate Property Taxes
5570.61
Special Assessments
none
Tax Year
2024
Year Built
1903
Zoning
HD-R
HOA
No
Cobra Zone
No
Federal Flood Ins Avlbl
Yes
Plat Book
No
Plat Page
No

More Information

Miscellaneous

Ceiling Height
10
Current Use
Bed and Breakfast

Current Service Providers

Trash Provider
City of Wilmington
Electric Provider
Duke Progress Energy
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
312425
Total Annual Expenses
97991
Net Operating Income
244434
Cap Rate %
10.5
Real Estate Taxes
5734
Insurance Expense
9411

Building/Ext Features

ud_i_08
4
# of Parking Spaces
2
# of Units
Yes
Fireplace Y/N
Yes
Lot Acres
0.29
Lot SqFt
12632
Lot Dimensions
66 x 165 and 32 x 55
SqFt - Total Available
5918
Location Type
Mainland

Showing Instructions

Special Instructions
Yes

Business Type

Bed & Breakfast
Yes

Current Use

Multi-Family
Yes
Residential
Yes
Other
Yes

HOA and Neigh Amenities

No Amenities
Yes

Attic

Access Only
Yes

Basement

Unfinished
Yes

C & I Features

None
Yes

Construction

Wood Frame
Yes

Lot Water Features

None
Yes

Exterior Finish

Wood Siding
Yes

Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Foundation

Basement
Yes
Crawl Space
Yes

Flooring

Tile
Yes
Wood
Yes

Fuel Tank

None
Yes

Parking Features

Off Street
Yes
Unpaved
Yes
See Remarks
Yes

Sale/Lease Includes

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

Roof

Metal
Yes
Shingle
Yes

Lot Description

See Remarks
Yes

Road Type/Frontage

2 - 3 Lanes
Yes
Public (City/Cty/St)
Yes

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

Cooling

Central Air
Yes

Location

Historic District
Yes

Heating

Forced Air
Yes
Heat Pump
Yes

Heating System Fuel Source

Electric
Yes
Natural Gas
Yes

Water Heater

Electric
Yes

Utilities

Natural Gas Available
Yes
Water Available
Yes

Water Source

Municipal Water
Yes

Sewer

Municipal Sewer
Yes

Fireplace Features

Dining Room
Yes
Gas Log
Yes
Library
Yes
Living Room
Yes

Property Features

Business Type: Bed & Breakfast Showing Instructions: Special Instructions HOA and Neigh Amenities: No Amenities Attic: Access Only Basement: Unfinished Construction: Wood Frame Exterior Finish: Wood Siding Flooring: Tile; Wood Foundation: Basement; Crawl Space Fuel Tank: None Parking Features: Off Street; Unpaved; See Remarks Roof: Metal; Shingle Lot Description: See Remarks Current Use: Multi-Family; Residential; Other Location: Historic District Lot Water Features: None Cooling: Central Air Fireplace Features: Dining Room; Gas Log; Library; Living Room Heating: Forced Air; Heat Pump Heating System Fuel Source: Electric; Natural Gas Water Heater: Electric Utilities: Natural Gas Available; Water Available Sewer: Municipal Sewer Water Source: Municipal Water Terms: 1031 Exchange; Cash; Conventional
Listing Office: Intracoastal Realty Corp
IDX
Last Updated: March - 02 - 2026
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