Development Opportunity!

Vacant Land for Sale
Catylist Listing ID: 30456683
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 1.88 Acres
Sale Price: $3,930,864
Unit Price: $2,090,885 Per Acre
Sale Terms: Cash to Seller, Sale/Leaseback
Cap Rate: Undisclosed
Last Updated: 8/8/2020

Overview / Comments

High visibility 1.88 Acre development site bordering 2nd and 3rd St. in Downtown Wilmington. Buildings on site are conveyed as is with no value assigned. 174' of frontage on N 3rd, 334' of frontage on N 2nd, & 155' of frontage on Brunswick St. Clean Phase I available.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04716004001000
Zoning: CBD
Property Located Between: 2nd & 3rd St
Property Visibility: Excellent
Legal Description: (1.88 ACRES) OLD BLK 277 REDEV PCL 116
Largest Nearby Street: 3rd
Feet of Frontage: 174
Traffic/Vehicle Count: 33,000
Airports: ILM
Zoning Description: CBD
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,302 40,325 101,727
Median Age: 35.65 36.7 35.82
Households: 2,900 18,279 43,777

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