Lot at 9th & Castle

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30613341
Property Subtypes: Multi-Family, Office, Retail
Status: Pending
Gross Land Area: 3,084 - 6,037 SF
Sale Price: $125,000
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2021

Overview / Comments

Two lots (521 & 523 S 9th St) located at the corner of 9th and Castle Street for sale. The other corner of this block was recently rezoned to Urban Mixed Use ("UMX"). The City of Wilmington's Future Land Use Plan calls for converting all of Castle Street to UMX.

Great development site with all utilities close by. 87.5 feet fronting Castle Street make this a great mixed use development opportunity. Consider developing townhomes, 15' wide by 40' deep with parking from the rear of the property. With a townhome project fronting Castle St, the ground floor can serve as commercial, the zoning allows Short-Term Rental - take advantage of this unique development opportunity.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05410-002-003-000
Zoning: MSMU
Property Located Between: 9th & 10th
Property Visibility: Excellent
Lot Frontage: 87.5'
Lot Depth: 69'
Zoning Description: The purpose of the Main Street Mixed Use zoning district is to enhance and retain the urban development pattern and context where intact commercial or mixed use areas exist outside of the Central Business District (CBD); to ensure that infill development and redevelopment do not adversely affect the physical character and context of such intact areas; and to encourage private investment to improve and stimulate the economic vitality and social character of these areas.
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,491 44,449 121,383
Median Age: 37.29 36.11 36.51
Households: 6,221 20,585 52,229
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.