708 Market Street, Wilmington, NC 28401
$890,000
Property Type:
Comm Sale or Lease
Square Footage:
5,467
Lot Size (sq. ft.):
18,252
Status:
Active
Current Price:
$890,000
List Date:
10/21/2025
Last Modified:
11/30/2025
Description
An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district.
There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too.
The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity.
The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more!
A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and more.
More Information MLS# 100472146
Building/Ext Features
Lot Acres: 0.42
Lot SqFt: 18252
Lot Dimensions: Irregular
SqFt - Total Available: 5467
Location Type: Mainland
Contract Info
Available Date: 2024-10-21
Delayed Marketing?: No
Sub-Type: Multi Family
Garage: Masterlock
Sale/Lease: Sale
List Price/SqFt: 162.79
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2024-10-21
Listing Price: 890000
Current Price: $890,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Street #: 708
Street Name: Market
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Dawson-Castle Street
Geo Lat: 34.235595
Geo Lon: -77.940234
Remarks and Showing
Sign on Property: Yes
Directions to Property: From downtown take Market Street East. House is in the 700 block of Market Street.
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 516100
Deed Book: 6443
Deed Page: 1859
Legal: Pt Lts 1/2/3 Blk 158 Wilm
Broker Owner: No
PID: R04817-039-004-000
Tax Identifier: R04817-039-004-000
Plat Book: 0
Plat Page: 0
Total Real Estate Property Taxes: 4490.07
Special Assessments: none
Tax Year: 2024
Zoning: HD
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
Year Built: 1948
Business Type
Mixed: 1
Current Use
Vacant: 1
Attic
Access Only: 1
Basement
Dirt Floor: 1
C & I Features
None: 1
Lot Water Features
None: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Wood Siding: 1
Terms
Cash: 1
Conventional: 1
Flooring
Tile: 1
Wood: 1
See Remarks: 1
Fuel Tank
None: 1
Green Bldg Features
None: 1
Parking Features
Off Street: 1
Sale/Lease Includes
Buildings: 1
See Remarks: 1
Roof
Metal: 1
Lot Description
See Remarks: 1
Road Type/Frontage
2 - 3 Lanes: 1
Paved: 1
Public (City/Cty/St): 1
Road/Trans Access
Airport: Less than 5 Miles
County Highway: 6 - 10 Miles
Interstate: 6 - 10 Miles
Port: 6 - 10 Miles
Rail: 6 - 10 Miles
State Highway: 6 - 10 Miles
Cooling
Central Air: 1
Location
Historic District: 1
Heating
Forced Air: 1
Heating System Fuel Source
Natural Gas: 1
Water Heater
Electric: 1
Utilities
Water Available: 1
Water Source
Municipal Water: 1
Sewer
Municipal Sewer: 1
BuildingExt Features
SqFt - Heated (Primary): 5467
Property Features
Business Type: Mixed
Attic: Access Only
Basement: Dirt Floor
Exterior Finish: Wood Siding
Flooring: Tile; Wood; See Remarks
Fuel Tank: None
Green Bldg Features: None
Parking Features: Off Street
Roof: Metal
Lot Description: See Remarks
Current Use: Vacant
Location: Historic District
Lot Water Features: None
Cooling: Central Air
Heating: Forced Air
Heating System Fuel Source: Natural Gas
Water Heater: Electric
Utilities: Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: Cash; Conventional
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: November - 30 - 2025
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