118 S 4th St - Hospitality FOR SALE


Wilmington, NC 28401- South Side
$1,795,000 USD
910-512-2205
118 S 4th St, Wilmington, NC for Sale
$1,795,000 USD
Hospitality - FOR SALE
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null | Request Cap Rate

118 S 4th St
Wilmington, NC 28401
South Side


OVERVIEW

Discover a rare opportunity to own a piece of Wilmington's past, thoughtfully restored for modern living and perfectly positioned for the future. Built in 1890, this exceptional historic property has been lovingly restored and redesigned by its current owners, blending timeless architectural character with contemporary comfort, style, and functionality. Spanning three stories, the home features six private ensuite bedrooms, each offering its own unique character, along with a fully separate one-bedroom accessory unit. The property also holds a B&B permit for up to four rooms, creating an outstanding opportunity for an income-producing bed and breakfast, boutique lodging operation, or flexible live/work arrangement. Currently operating as a successful bed and breakfast, the property could just as easily be transformed into a spectacular private residence. Inside, you'll find beautiful hardwood floors, large windows providing abundant natural light, distinctive architectural details, and a thoughtfully designed interior that reflects the character of the home while offering the comforts of today. A spacious entertainment area provides the perfect setting for gatherings and special occasions. Outside, the property is equally impressive, featuring private iron-fenced gardens, mature landscaping, and a garage, creating a peaceful and private setting in the heart of the city. Located in a charming historic neighborhood on a tree-lined brick street, this property places you within easy reach of Downtown Wilmington's restaurants, shopping, entertainment, riverfront attractions, and cultural amenities, while remaining convenient to the area's beautiful beaches. Historic character. Income-producing potential. Exceptional location. Endless possibilities. Whether you envision continuing its legacy as a boutique bed and breakfast or creating your own extraordinary downtown residence, this is a truly special Wilmington property.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$368 USD /SF

# OF ROOMS

5

PRICE/ROOM

$359,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dreamers BnB

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1890

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

HD-R

APN/PARCEL ID

R05405-003-004-000

ASK ABOUT THIS PROPERTY

Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

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Jeff HovisIntracoastal Realty CorporationMore Info
910-512-2205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.