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708 Market Street

Wilmington, NC 28401
  • $990,000
  • STATUS: Active
  • ON SITE: 94 Days
  • MLS #: 100472146
UPDATED: 46 min ago
$990,000
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,467
    SQFT
  • $181
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1948
County:
Area:

School Ratings & Info

Description

An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district.There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too. The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity. The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more! A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and more.

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Mid Carolina MLS logo© 2025 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 2025-01-24T20:05:51.693.
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708 Market Street Wilmington, NC 28401

  • Price: $990,000
  • Status: Active
  • On Site: 94 Days
  • Updated: 46 min ago
  • MLS #: 100472146
0
Beds
0
Baths
0
½ Baths
0.42
Acres
5,467
SQFT
$181
$/SQFT
1948
Built
Neighborhood:
Dawson-Castle Street
County:
New Hanover
Area:
Wilmington
Property Description
An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district.There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too. The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity. The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more! A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and more.
Exterior Features

Exterior Finish Wood Siding Location Historic District Location Type Mainland Lot Description See Remarks Lot Dimensions Irregular Lot Water Features None Parking Driveway Off Street Road Type Frontage 2 - 3 LanesPavedPublic (City/Cty/St) Roof Metal

Interior Features

Attic Access Only Basement Dirt Cooling System Central Flooring See RemarksTileWood Heating System Forced Air Sq Ft Total Available 5467.00 Water Heater Electric

Property Features

Airport Less than 5 Miles City Limits Yes Cobra Zone No Commercial Features None Commercial Sub Type Mixed Use County Highway 6 - 10 Miles Current Use1 Vacant Electric Provider Duke Progress Energy Federal Flood Ins Avlbl Yes Fuel Tank None Green Building Features None Hoa YN No Interstate 6 - 10 Miles New Construction No Port 6 - 10 Miles Possession At Closing Property Taxes 4490.07 Rail 6 - 10 Miles Sale Lease Includes BuildingsSee Remarks Sale Or Lease Sale Sewer Provider Cape Fear Public Utility Authority State Highway 6 - 10 Miles Stipulation Of Sale None Tax Year 2024 Terms CashConventional Water Provider Cape Fear Public Utility Authority Water Sewer Municipal SewerMunicipal Water Zoning HD



Mid Carolina MLS logo Listing information © 2025 NCRMLS
Listing courtesy of Jeffrey Hovis of Intracoastal Realty Corp: (910) 256-4503.


Mid Carolina MLS logo© 2025 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 2025-01-24T20:05:51.693.
 
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