Point Harbor - Development Offering

Vacant Land for Sale
Catylist Listing ID: 30657663
Property Subtypes: Multi-Family, Retail, Other
Gross Land Area: 29.11 Acres
Sale Price: $9,435,000
Unit Price: $324,115 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2020

Overview / Comments

Located on the Cape Fear River in Wilmington, NC, the Subject consists of over 29 acres that contains over 1,200 feet of waterfront. The site benefits from tremendous views of downtown Wilmington along with exceptional accessibility and visibility from the Isabella Holmes Bridge and US Hwy 421.

Of note, there has been over $300 million invested in new development in Downtown Wilmington since 2014, to include several new hotels, apartment complexes and other commercial projects. In addition, the City of Wilmington is planning for North Waterfront Park, which will be located directly across the river from the Subject and is expected to open Spring 2021.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04700-003-001-000
Zoning: RF-MU (NEW HANOVER COUNTY)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,016 30,410 91,864
Median Age: 39.44 36.78 36.5
Households: 1,106 13,342 40,897
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