Castle Street Lots

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30607650
Property Subtypes: Retail
Status: Pending
Gross Land Area: 0.53 Acres
Sale Price: $230,000
Unit Price: $433,962 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/7/2020

Overview / Comments

The Subject property consists of three parcels, totaling +/-0.525 acres (22,860 square feet), located near the corner of Castle Street and South 18th Street. The Subject site is adjacent to the ABC store on 17th Street, and residential homes. The immediate area is surrounded by commercial and residential uses, and has undergone recent revitalization, including several new residential unit development and redevelopment projects.

Lots 3 and 4 (as shown in attached images) are contiguous and total roughly 0.411 acres. Lot 1, is separated from the others by an alley and totals 0.114 acres.

Site features 277 feet of frontage on S 18th Street. Lots 4 is zoned UMX (Urban Mixed Use) which allows for a variety of commercial uses, including retail, mixed use & residential; while lots 1& 3 are zoned residential. Municipal water & sewer are available.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05407-028-015-000, R05407-028-010-000, R05407-028-009-000
Zoning: UMX & R-5
Property Visibility: Good

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,579 58,985 131,843
Median Age: 36.9 35.68 36.39
Households: 7,403 27,404 56,570

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