About This Home

This 0-bedroom, 0-bathroom commercial at 118 S 4th Street in Wilmington, NC is listed for $1,795,000 ($377 per sqft). Built in 1890, the home offers 4,761 sqft of living space on a 0.24 acres lot.

Key Features

  • Built in 1890
  • 0.24 acre lot
  • 4 parking spaces

Property Details

4-car garage
1890

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$9,600/mo

20% down · 6.5% · 30 years

Principal$1,298
Interest$7,778
Insurance$524

Estimates only. Actual payments may vary.

Location

118 S 4th Street

Wilmington, NC 28401

Historic District

Property Details

Flooring

WoodTile

Construction

Wood Siding Wood Frame

Parking

Off Street

Heating

Natural GasElectric (Heating)Heat Pump (Heating)

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 118 S 4th Street is listed at $1,795,000 ($377/sqft). The estimated monthly payment is $9,600 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.24 acre lot, 4 parking spaces.

This property is listed by Jeffrey G Hovis.

JH

Jeffrey G Hovis

License 234605

Agent at Intracoastal Realty Corp

Listed by Intracoastal Realty Corp · Broker phone: 8005331840

MLS# 100601789· Source: Hive MLS· 53 days on PropertySimple

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

118 S 4th Street, Wilmington, NC 28401

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