+/- 29,586 SF Infill Development Site - Downtown Wilmington

Vacant Land for Sale
Catylist Listing ID: 30755206
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 29,586 SF
Sale Price: $6,500,000
Unit Price: $219.70 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

Nearly 30k SF development site for sale in downtown Wilmington, NC. Located in the heart of the CBD, the Subject fronts the Cape Fear River (separated by Water Street), 2nd Street, and N. Front Street - the main retail corridor in downtown. The site is steps from The Cape Fear Riverwalk, and the majority of the downtown restaurants are within three blocks of the property. The areas beaches - including Wrightsville Beach and Carolina Beach - are 9 and 13 miles away, respectively.

Over the last several years, Wilmington’s downtown has experienced a tremendous amount of growth fueled by a new convention center, several new multifamily projects (including Pier 33, Flats on Front, and Riverview), and the recently opened Riverfront Park Amphitheater (managed by Live Nation).

In February 2021, USA Today named Wilmington’s Riverwalk the 2nd best in the Country. In 2014, Wilmington was voted as the #1 Best American Riverfront, also by USA Today.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04720-007-003-000

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,670 34,493 108,892
Median Age: 35.65 38.65 36.27
Households: 4,384 15,617 47,032
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