PRIME MARKET ST, 8.47 acre tract, incredible opportunity WONT LAST

Vacant Land for Sale
Sale Pending/Contingent
Also listed as Retail-Commercial
Catylist Listing ID: 30754161
Property Subtypes: Industrial, Multi-Family, Office, Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Status: Pending/Contingent
Gross Land Area: 8.37 Acres
Sale Price: $2,600,000
Unit Price: $310,633 Per Acre
Sale Terms: Cash to Seller
Last Updated: 8/22/2021

Overview / Comments

Priced at $2,600,000
This property is one of a kind, zoned RB, water & sewer, and is positioned in an incredible location in Wilmington. You just cant find anymore.
it sits on market street with a side 30' easement to cardinal dr. there are 29 current trailers on site at $400.00 a month. The Owner pays for the water, sewer, trash, and lawn maintenance for all to the tune of approx. $1,600 month total for all
This site could be a great hotel, a huge retail center, huge storage facility, a warehouse center, or go for zoning change to multifamily
So take the income until you get it all designed and ready to come out of the ground
PRICED TO MOVE, property sold in 2005 at $4,100,000

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 314815.64.2025.000
Zoning: RB
Property Located Between: market and cardinal
Property Visibility: Excellent
Highway Access: market st
Airports: 10 mins away
Site Description: Priced at $2,600,000 This property is one of a kind, zoned RB, water & sewer, and is positioned in an incredible location in Wilmington. You just cant find anymore. it sits on market street with a side 30' easement to cardinal dr. there are 29 current trailers on site at $400.00 a month. This site could be a great hotel, a huge retail center, huge storage facility, a warehouse center, or go for zoning change to multifamily So take the income until you get it all designed and ready to come out of the ground PRICED TO MOVE, property sold in 2005 at $4,100,000
Area Description: Incredible

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,118 67,838 127,721
Median Age: 38.39 34.4 36.62
Households: 2,207 28,996 54,488
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