Downtown Lot for Development

Vacant Land for Sale
Catylist Listing ID: 30740518
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Other
Gross Land Area: 3,805 SF
Sale Price: $305,000
Unit Price: $80.16 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

Vacant lot located in the Central Business District/Brooklyn Arts District. This location is ideal for in-fill development that can incorporate a number of permitted uses. Located within walking distance to shopping, restaurants, breweries, business district, entertainment venues and so much more. Seller has been working on a development plan that can be transferred to the new owner.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R04813-028-005-000
Zoning: CBD
Property Located Between: Red Cross and Campbell
Property Visibility: Excellent
Legal Description: Tract 1/Part Lots 4/5 Blk 235 Wilm
Largest Nearby Street: N 4th
Feet of Frontage: 45
Highway Access: HWY 421, 74/76 and I-40
Airports: ILM
Site Description: Cleared with surface parking lot
Area Description: Central Business District
Lot Frontage: 45
Lot Depth: 85
Zoning Description: Sec. 18-196. - CBD, Central Business District. (a) Purpose. This district is established to create and maintain a high density commercial, office, service and residential area meeting city, county and regional needs. It encourages the full utilization of public services and contributes to the economic base of the city. According the Wilmington Vision 2020: A Waterfront Downtown plan, the CBD is envisioned to be a living, working, learning and mixed use community. The intent of the design standards is to recognize and respect historic resources; to preserve and respect existing historic buildings; to preserve the cohesive character of the downtown area by compatible, sympathetic development and to provide an enhanced pedestrian experience. This district is not intended to accommodate basic industries and other uses that produce noise, odor, smoke, dust, airborne debris, and other impacts that might be detrimental to the health, safety, and welfare of the surrounding neighborhoods, the viability of surrounding uses, or industries with small physical plants and high land-to-worker ratios.
Easements: Other
Easements Description: Access easements outlined on survey
Available Utilities: Electric, Water, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,323 41,890 107,121
Median Age: 35.93 36.39 36.02
Households: 3,771 19,056 45,779


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