118 S 4th Street,Wilmington, NC 28401
Wilmington, NC 28401
Description
The property features six private ensuite guest bedrooms distributed across three floors, providing an attractive layout for guest privacy and separation between owner and visitors. A fully separate one-bedroom accessory unit offers additional flexibility for an owner's quarters, manager's residence, guest accommodations, or additional income-producing use. Currently operating as a Bed & Breakfast, the property has a B&B permit for up to four rooms, offering an opportunity for a new owner to continue the existing hospitality operation while exploring additional revenue opportunities, subject to applicable approvals. The business and property are being offered fully furnished and turnkey, allowing a new owner to step into an established hospitality setting without the need to furnish or create the guest experience from scratch. The property showcases unique interior design, hardwood floors, large windows providing abundant natural light, spacious entertainment areas, mature landscaping, private gardens, and a wrought-iron fenced outdoor setting. A garage provides valuable additional functionality rarely found with downtown hospitality properties. Located on a charming tree-lined brick street within Historic Downtown Wilmington, the property is ideally positioned near the city's renowned restaurants, shops, entertainment, waterfront, cultural attractions, and nightlife. Wilmington's beaches are also just a short drive away. This is a compelling opportunity for an entrepreneur, hospitality operator, investor, or buyer seeking a unique combination of established B&B business, prime downtown location, historic property, and multiple future-use possibilities.
Details
| MLS # | 100601789 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 9 |
| Listing Provided By | Intracoastal Realty Corporation | Jeffrey G Hovis |
Features
| SQ Feet | 4,761 |
|---|---|
| Units | 1 |
| Zoning | HD-R |
| Acreage | 0.24 |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Central Air |
Exterior
| Roof | Shingle, Slate |
|---|---|
| Foundation Details | Crawl Space |
| Lot Features | See Remarks, Corner Lot |
| Waterfront Features | None |
| Construction Materials | Wood Siding, Wood Frame |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Off Street, Paved |
Utilities
| Utilities | Natural Gas Connected, Sewer Available, Water Available |
|---|
Taxes
| Tax Assessed Value | 1326100 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | Se 4 E 5 Wilmington Blk 141 |
| Tax Year | 2026 |
Area Information
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Community Name | Historic District |
| Listing VS Median (in Historic District) | |
Price: $1,795,000 low | high Med: $580,000 sqft: 4,761 low | high Med: 3,348 $ / sqft: $377 low | high Med: $176 On site: 9 low | high Med: 139 | |
Market Activity 28401
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28401 |
| Community Name | Historic District |
| Listing VS Median (in Historic District) | |
Price: $1,795,000 low | high Med: $580,000 sqft: 4,761 low | high Med: 3,348 $ / sqft: $377 low | high Med: $176 On site: 9 low | high Med: 139 | |
 | $1,795,000118 S 4th StreetWilmington, NC 28401 |