Riverbend

319 North Third Street, Wilmington, NC 28401

  • For Sale $12,000,000
  • Property Type Other
  • Property Size 55,000 SF
  • Lot Size 1.93 Acre
  • Date Updated Mar 2, 2023
Cameron Management is pleased to exclusively present the opportunity to purchase Riverbend, an urban infill mixed-use development located in the Central Business District of Wilmington, NC. Riverbend consists of 1.93 acres of a downtown city block bounded by North Third Street, Grace Street, Second Street, and Walnut Street. Existing improvements include a 5-story 55,000 square foot 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 multifamily project and all permits should be in hand by 15-January-2021. 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, 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.
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Location

Getting Around

  • Walk Score ®

    82/100 Very Walkable

  • Transit Score ®

    31/100 Some Transit

  • Bike Score ®

    91/100 Biker's Paradise
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  • City Wilmington, NC
  • Neighborhood Downtown Wilmington
  • Zip Code 28401
  • Market Wilmington

Points of Interest

  • Shell

    0.12 miles

  • Shell

    0.67 miles

  • Citgo

    1.10 miles

  • Shell

    1.69 miles

  • BP

    2.92 miles

  • GoGas

    2.94 miles

  • Citgo

    2.96 miles

  • Speedway

    3.13 miles

  • Valero

    3.54 miles

  • Exxon

    3.63 miles

  • City of Wilmington 2nd Street Parking Deck

    0.18 miles

  • Convention Center Parking Deck

    0.29 miles

  • Kenan House parking lot

    1.16 miles

  • Lot K

    4.02 miles

  • Lot B

    4.11 miles

  • Lot A

    4.13 miles

  • Lot F (Visitor Parking)

    4.15 miles

  • Lot C

    4.17 miles

  • Lot M

    4.22 miles

  • Lot D

    4.25 miles

  • Hampton Inn Wilmington Downtown

    0.04 miles

  • Courtyard by Marriott Wilmington Downtown/Historic District

    0.11 miles

  • Hotel Ballast

    0.24 miles

  • Hell's Kitchen

    0.25 miles

  • Aloft

    0.25 miles

  • Riverview Suites Wilmington

    0.26 miles

  • Best Western Plus Coastline Inn

    0.32 miles

  • Embassy Suites by Hilton Wilmington Riverfront

    0.34 miles

  • ARRIVE Wilmington

    0.39 miles

  • Americas Best Value Inn- Wilmington

    2.12 miles

  • Islands Fresh Mex Grill

    0.14 miles

  • Subway

    0.14 miles

  • The Basics

    0.15 miles

  • Paddy's Hollow

    0.15 miles

  • The Copper Penny

    0.16 miles

  • The German Cafe

    0.17 miles

  • Waffle House

    0.18 miles

  • Savorez Restaurant

    0.18 miles

  • Shuckin' Shack Oyster Bar

    0.23 miles

  • Bourbon Street

    0.27 miles

  • Cape Fear Community College

    0.12 miles

  • Cape Fear Community College - Wilmington Campus

    0.17 miles

  • Cape Fear Technical Institute

    0.17 miles

  • Peabody School

    0.27 miles

  • Dudley School

    0.53 miles

  • Saint Marys School

    0.53 miles

  • Tileston School

    0.60 miles

  • New Hanover High School

    0.80 miles

  • Virgo Junior High School

    0.80 miles

  • D C Virgo Junior High School

    0.83 miles

  • Bellville Elementary School

    2.50 miles

  • Kiddie Academy of Wilmington South Campus

    2.89 miles

Contacts

broker

Bryan Greene

Cameron Management

(910) 352-1380

Highlights

  • Excellent “shovel ready” development opportunity
  • Prominent CBD location in downtown Wilmington
  • Opportunity for value creation and repositioning
  • Over $500 million in private and public investments have occurred in downtown Wilmington since 2014
  • Wilmington is known as one of The South’s Best Cities in 2019 by Southern Living Magazine
  • Wilmington was rated as Trip Advisors 2018 Travelers’ Choice Top Destinations on the Rise

Frequently Asked Questions

What is the total square footage of Riverbend?

Riverbend totals 55,000 square feet.

Tax

  • Property Tax in 2022 $47,461
  • Market Value* $9,132,400
  • Assessed Value $9,132,400

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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Contact Listing Broker

broker

Bryan Greene

Cameron Management

(910) 352-1380