708 S 17th St, Wilmington NC - Fully Leased Investment Property in The Cargo DistrictPrime investment opportunity in the heart of Wilmington's thriving Cargo District. Located at 708 S 17th Street, this fully leased multi-tenant commercial building offers stable cash flow, professional management, and long-term tenant stability in one of… Read More the city's most dynamic and rapidly appreciating districts. Situated within a designated Opportunity Zone, the property includes four total rentable units with two tenants. One tenant operates a vibrant retail storefront at the front of the building, while the second leases the remaining three spaces, including the rear commercial flex area and two custom-designed shipping container offices, both heated and cooled for year-round use.Recent capital improvements have enhanced the property's value/efficiency and appeal, making it a low-maintenance investment with strong fundamentals. The site's flexible configuration and UMX (Urban Mixed-Use) zoning offer significant potential for future value-add strategies. Uniquely positioned in the creative core of the Cargo District--within walking distance to The Cargo District Food Court, CoWorx, End of Days Distillery, and an array of artisan shops and eateries--this asset appeals to both retail and creative office users seeking a highly desirable location. The property may also present an opportunity to assemble adjacent parcels, potentially creating one of the largest UMX-zoned offerings in the local market--ideal for long-term investors and developers.Professionally managed and meticulously maintained, this is a rare chance to secure a turnkey commercial investment in a high-growth, opportunity-rich corridor of Wilmington. Read Less
Courtesy of Christian Cardamone, Keller Williams Innovate-Wilmington
Listing Snapshot
Days Online
6
Last Updated
Property Type
Improved
Square Ft.
4,312
Lot Size
0.11 Acres
Year Built
1946
MLS Number
100523747
30 Days Snapshot Of 28401
$435k
+23%
(avg) sold price
46
+91%
homes sold
125
+71%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
4,704 sqft lot, Lot Dimensions: 33'x150'x33'x150', 0.11 acres
Parking
Parking/Driveway: See Remarks
Property
4,312 heated sqft, 4,312 total approximate sqft, Built in 1946, List Price/SqFt: $390, Zoning: UMX
Taxes
City Tax Rate: 6436, County Taxes: $1,642, Property Taxes: $1,642, Tax Year: 2025
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Keller Williams Innovate-Wilmington shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
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