Market St and Middle Sound Loop Hard Corner

Vacant Land for Sale
Catylist Listing ID: 30714217
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 4.25 Acres
Sale Price: $4,500,000
Unit Price: $1,058,823 Per Acre
Sale Terms: Cash to Seller
Last Updated: 9/26/2021

Overview / Comments

+/-4.25 acres of partially developed B2 zoned land situated on a signalized hard corner in one of the Wilmington Area's busiest corridors. Featuring approximately 286' of frontage on Market St. and 346' of frontage on MIddle Sound Loop with DOT traffic counts of 50,500 VPD on Market St. and 11,500 VPD on Middle Sound Loop.

The submarket boasts one of the highest median incomes in the region as well as more than 20% population growth over the past decade with even more accelerated residential development projected.

Nearby road improvements will further increase connectivity and accessibility throughout the region, further solidifying the location as a robust commercial node.

Additional acreage may be available.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04405-001-001-000
Zoning: B-2
Property Located Between: Middle Sound Loop Rd and Wendover Ln
Property Visibility: Excellent
Legal Description: Lot 8 Ogden Pl
Largest Nearby Street: NC Hwy 17 (Market St)
Feet of Frontage: 286
Airports: ILM 4.5 miles
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,044 40,326 96,262
Median Age: 36.19 39.07 36.28
Households: 4,042 16,803 40,256


Photograph of Listing Agent

Eric Knight

Nest Realty NCCMLS Member
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