216-220 Beautiful Building in Prime Downtown Wilmington
Dual Income - VRBO and Retail Lease
Marketing description
Before its modern transformation, the building was known as a classic turn-of-the-century commercial structure within Wilmington's central business district, built in 1906. The building’s architectural style features classic historic masonry, including 14-inch-thick brick exterior walls and high arching windows. During recent renovations, many original elements were preserved, such as the heart pine flooring and exposed brickwork. It is a three-story building with approximately 10,800 total square feet, including a mezzanine on the ground floor. An outdoor rear courtyard and gates to the alley provide privacy for VRBO guests if needed.
Located between Chestnut and Grace Streets on the east side and directly across from Bijou Park. Common Desk, a busy coworking space, is a few doors down. The popular Cape Fear Riverwalk is a short walk one block west.
Note: View the flyer for more details on the luxury VRBO accommodations and retail tenant in place. Contact the broker for a tour.
Investment highlights
Note: 216 and 220 are two parcel IDs. Total square footage is 10,800 over 3 floors at $379.63 psf. The sale is for the full building. The upper two floors are income producing for the owners as Luxe 220 luxury accommodations www.luxe220.com
Positioned in the heart of historic downtown Wilmington, 216-220 N. Front Street is a rare turn-key opportunity blending architectural heritage with a high-performing revenue model. This mixed-use gem features a premier street-level retail space with a 10-year lease in place and four meticulously designed, fully furnished short-term rental suites known as Luxe 220. With professional management already in place and a location that captures the city’s best foot traffic, this isn't just a building—it’s a premier lifestyle investment.
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