Downtown Wilmington Residential Lot w/11 Unit Potential

Vacant Land for Sale
Catylist Listing ID: 30284709
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 0.72 - 0.73 Acres
Sale Price: $224,900
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2018

Overview / Comments

This is a Nearly 3/4 of an acre residential Potential income producing vacant lot in downtown Wilmington. Near the Brooklyn Arts District, Walking distance to PPD and CFCC. 3 lots approved for quadraplex, quadraplex and triplex. Lots have 11 unit potential and could be a great investment opportunity for developers. Property could be rezoned to fit developer's appetite. See Survey.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04809010005000
Zoning: R-3
Property Located Between: North 8th and North 6th st in Downtown Wilmington
Property Visibility: Excellent
Legal Description: LOT TR 1 TAYLOR STREET DIVISION
Largest Nearby Street: Nixon St
Feet of Frontage: 150
Highway Access: Near MLK and N 3rd st
Airports: ILM
Site Description: Vacant Cleared Lot
Area Description: Downtown Urban
Lot Frontage: 150
Lot Depth: 210
Zoning Description: R-3 Residential Land approved Zoning for quadraplex, quadraplex and triplex
Development Name: NA
Topography: Level
Easements: Electric Lines, Utilities
Easements Description: Municipal In city Limits
Soil Type: Other
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,817 34,686 103,210
Median Age: 36.23 34.61 35.74
Households: 2,244 15,666 43,874

Contact

Photograph of Listing Agent

Basil Williams, Sr

Keller Williams Realty NCCMLS Member
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