Hotel/Medical Land For Sale - 1.77 Acres

Vacant Land for Sale
Catylist Listing ID: 30540128
Property Subtypes: Hospitality, Multi-Family
Gross Land Area: 1.77 Acres
Sale Price: $625,000
Unit Price: $353,107 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/26/2020

Overview / Comments

Great development opportunity on Medical Center Dr adjacent to the new Holiday Inn Express and Delaney Radiology. 1.77 acres with storm water in place.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06018-003-060-000
Zoning: O&I 1
Property Located Between: Silver Stream Dr
Property Visibility: Good
Legal Description: Lot 8R-2 Lakeside Park Division
Feet of Frontage: 201
Lot Frontage: 282
Lot Depth: 295
Zoning Description: The purpose of the Office and Institutional Districts shall be to provide areas that are conducive to the establishment and operation of institutional, office and limited commercial activities not involving the sale of merchandise, except as provided herein. Standards are designed so that these districts, in some instances, may serve as transitions between residential districts and other commercial districts. The principal means of ingress and egress for uses in the districts shall be along collector roads, minor arterials, and/or major arterials as designated on the city's Thoroughfare Plans.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,407 54,599 129,758
Median Age: 42.07 37.71 36.37
Households: 3,466 25,532 55,875
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