N. 4th St./Brooklyn Arts District Development Land

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30416769
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad
Status: Pending/Contingent
Gross Land Area: 16,050 SF
Sale Price: $625,950
Unit Price: $39 PSF
Sale Terms: Cash to Seller, Other
Last Updated: 9/10/2021

Overview / Comments

Prime development lots opportunity in the N. 4th St./Brooklyn Arts District. Located near the N. 4th St. and Cowan St. intersection, the property sets on a bluff over looking the Isabell Holmes Bridge and Martin Luther King Gateway to Wilmington intersection. Development and neighborhood revitalization activities in the area are in full swing. Neighbors include restaurants, offices, retail establishments, and newly constructed multifamily buildings.Directly across the street development and marketing is underway for a new mixed use building that will feature 6 residential/home office units and 3 commercial/retail units. The zoning is developer friendly Central Business District (CBD).

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington
Tax ID/APN: R04809-016-007-000 & R04809-016-008-000
Property Located Between: N. 4th St. and Cowan St.
Property Visibility: Excellent
Legal Description: PTE 1/4 3 BLK 321 and E 1/2 WILM BLK 321
Largest Nearby Street: N 3rd Street
Feet of Frontage: 107
Airports: ILM (Wilmington International Airport)
Site Description: Vacant land and building that backs up to an alley and fronts on Cowan St.
Area Description: Located in the popular North 4th Street/Brooklyn Arts District.
Lot Frontage: 107
Lot Depth: 150
Zoning Description: Central Business District (CBD) was 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 to the Wilmington Vision 2020 A Waterfront Downtown Plan, the CBD is envisioned to be a living, working, learning and mixed use community.
Topography: Gently Sloping
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,817 35,419 103,069
Median Age: 36.23 35.7 35.81
Households: 2,244 15,986 44,292
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