NOT LISTED FOR SALE

420 N 3rd St Wilmington, NC 28401

Historic Downtown Neighborhood
0.55 Acre
-- Price per Acre
23,958 Sq Ft Lot

Last Sold June 08, 2021

Last sale price $1,400,000

1,011 Days on Market

Highlights

  • 0.55 Acre Lot
  • No HOA
  • Level Lot

About This Lot

As of June 2021

This prime retail development site is located at the full access lighted intersection of 3rd St and Red Cross St. and it also offers alley access on the other 2 sides. Currently on the property is a building that served as an auto garage in the past and could be retrofitted to a very cool restaurant or bar. Redevelopment potential is extremely high here, among the most active in the area. This site overlooks Cape Fear Community College and is surrounded by new development in every direction. Third St sees heavy traffic daily and the site has a clean environmental bill of health. CBD zoning allows for maximum use of the lot for building envelope.Paved Lot with no setbacks - for repurpose or knockdown - EXCELLENT Visibility

Last Agent to Sell the Property

Kenneth Fisher

RE/MAX Essential License #227264 Listed on: 04/16/2018

RE/MAX Essential

Last Buyer's Agent

A Non Member

A Non Member

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,134

Lot Details

  • 0.55 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned CBD

Home Design

  • Mixed Use

Schools

  • Snipes Elementary School
  • Virgo Middle School
  • New Hanover High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number R04813032002000

Property Details

Property Type

Land

Est. Annual Taxes

$6,134

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Mixed Use
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: No
  • Total Road Frontage: 150

Utilities

  • Fuel Tank: None

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Book: 5265
  • Deed Page: 1694.00
  • Lot Sq Ft: 23958.00
  • Plat Book: 1844
  • Plat Page: 872
  • Zoning: CBD
  • Acres: 0.55
  • Current Use: Retail
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 2818181.82
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Level

Tax Info

  • Tax Identifier: R04813032002000
  • Tax Year: 2017

MLS Schools

  • Elementary School: Snipes
  • High School: New Hanover
  • Middle School: Virgo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2018
Closed on
May 28, 2021
Sold by
420 N 3Rd Street Llc
Bought by
Two Farms Inc
Seller's Agent
Kenneth Fisher
RE/MAX Essential
Buyer's Agent
A Non Member
A Non Member
List Price
$1,550,000
Sold Price
$1,400,000
Premium/Discount to List
-$150,000
-9.68%

Purchase Details

Closed on
Jan 3, 2008
Sold by
Jade Morris Family Lp
Bought by
420 N 3Rd Street Llc

Purchase Details

Closed on
Apr 16, 2001
Sold by
Morris Jr Dorothy P Archie W
Bought by
Jade Morris Family Ltd Ptrshp

Purchase Details

Closed on
Jan 1, 2001
Bought by
Exxon Corp

Purchase Details

Closed on
Jan 6, 1995
Sold by
Morris Archie W Dorothy P
Bought by
Morris Dorothy P

Purchase Details

Closed on
Apr 1, 1986
Sold by
Exxon Corp
Bought by
Morris Archie W Dorothy P
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Two Farms Inc $1,400,000 None Available
420 N 3Rd Street Llc $1,150,000 None Available
Jade Morris Family Ltd Ptrshp -- --
Exxon Corp -- --
Morris Dorothy P -- --
Morris Archie W Dorothy P $62,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2021 06/08/21 Sold $1,400,000 -9.7% --
01/21/2021 01/21/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $1,550,000 +10.7% --
12/31/2020 12/31/20 Off Market $1,400,000 -- --
04/16/2018 04/16/18 For Sale $1,900,000 -- --
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,134 $656,300 $473,100 $183,200
2022 $5,536 $605,200 $473,100 $132,100
2021 $0 $605,200 $473,100 $132,100
2020 $4,232 $376,700 $253,400 $123,300
2019 $4,232 $376,700 $253,400 $123,300
2018 $0 $376,700 $253,400 $123,300
2017 $4,232 $376,700 $253,400 $123,300
2016 $4,042 $364,800 $253,400 $111,400
2015 $3,863 $364,800 $253,400 $111,400
2014 $3,699 $364,800 $253,400 $111,400
Source: Public Records

Agents Affiliated with this Home

  • Kenneth Fisher

    Seller's Agent in 2021

    Kenneth Fisher

    RE/MAX

    (910) 616-2123

    2 in this area

    28 Total Sales

    Kenneth Fisher
    Section Image

  • A

    Buyer's Agent in 2021

    A Non Member

    A Non Member

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Map

Source: Hive MLS

MLS Number: 100110992

Hive MLS

APN: R04813-032-002-000

North Carolina New Hanover County Wilmington 28401 Historic Downtown

420 N 3rd St, Wilmington, NC

This home is located at 420 N 3rd St, Wilmington, NC 28401 since 16 April 2018. 420 N 3rd St is a home located in New Hanover County with nearby schools including Snipes Academy of Arts & Design, Williston Middle School, and New Hanover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. 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 Homesnap, Inc. 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. ©2025 Hive MLS LLC

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