Catylist ID: #30701176
Office for SaleAlso listed as Multi-Family, Special Purpose
|Catylist Listing ID:||30701176|
|Property Subtypes:||Mixed Use|
|Building Size (RSF):||55,000 SF|
|Gross Land Area:||1.93 Acres|
|Unit Price:||$218.18 PSF|
|Property Use Type:||Investment|
|Class of Space:||Class A|
|Usable Size (USF):||55,000 SF|
|Sale Terms:||Cash to Seller, Owner Financing, Other|
Overview / Comments
Opportunity to purchase Riverbend, an urban infill mixed-use development located in the CBD of Wilmington, NC.
Riverbend consists of 1.93 acres of a downtown city block bounded North
Third Street, Grace Street, Second Street, and Walnut Street. Existing
improvements include a 5-story 55,000 SF Class A office building (formerly
known as the Bank of America Financial Center) and surface parking.
Future improvements proposed for Riverbend include a 504-space
structured parking deck, a 110-unit midrise multifamily development, and
a future site for a hotel or retail development. Plans are complete for the
parking deck and multi-family project and all permits should be in hand by
Riverbend is prominently situated in the Central Business District of
downtown Wilmington and encompasses over 75% of a full city block.
Downtown Wilmington has experienced a surge of private and public
investments in recent years with the creation of new office buildings,
hotels, parking decks, apartment communities and parks, and recreation.
As a “shovel ready” project, Riverbend is strategically positioned to
capitalize on the continued population and business growth and
momentum occurring in Wilmington and the Southeastern United States.
Attachments & Media
|Zoning:||CBD, CENTRAL BUSINESS DISTRICT-CITY OF WILMINGTON|
|Property Located Between:||North Third Street, Grace Street, Second Street, and Walnut Street.|
|Highway Access:||Interstate I-40, US Hwy 74, US Hwy 17, US Hwy 421|
|Site Description:||Shovel ready development opportunity on a 1.93 acre property in the downtown Wilmington central business district. This mixed-use development will feature a 110-unit midrise multifamily development, and a future site for a hotel or development. Plans are complete for the parking deck and multi-family project and all permits should be in hand by 15-January-21.|
|Area Description:||Located in the heart of downtown Wilmington, North Carolina. Wilmington has been the leader in inbound moves during the Covid-19 season, and downtown continues to grow and is home to over 800 businesses. Over $500 million in private and public investments have occurred in downtown Wilmington since 2014.|
|Parking Description:||Riverbend will consist of a proposed 504-space structured parking deck|
|Total Parking Spaces:||504|
|Zoning Description:||CBD, Central Business District, Downtown Wilmingon, NC|
|Proximity:||1 mile||3 miles||5 miles|
Bryan GreeneCameron Management, Inc NCCMLS Member
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