1102 and 1110 Chestnut Street

Vacant Land for Sale
Catylist Listing ID: 30377834
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 0.77 - 0.78 Acres
Sale Price: $989,000
Sale Terms: Cash to Seller, Owner Financing, Other
Cap Rate: Undisclosed
Last Updated: 12/29/2021

Overview / Comments

The combination of 1102 and 1110 Chestnut street results in a combined .77 acres (33,675 square feet) for a large development project. This property is located in the Urban Mixed Use zoning district. The property sits just east of the developing Soda Pop District.

This location has the road frontage on Chestnut Street of 231 feet and road frontage on 11th street of 129 feet. The UMX zoning enables structures to be built up to 45 feet by right. This location is ideal for a mixed use project that would provide services and housing.

The seller has gone through a great deal of work to get this site ready for someone to build. The recent survey is included in the provided documents. They have gone through the environmental inspection process and can provide a detail record to assist in expediting a new project. This is a great location for a stand alone project or could be worked into a number of neighboring develop plans.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County and the City of Wilmington
Tax ID/APN: R04818-015-001-000 and R04818-015-012-000
Zoning: UMX
Property Located Between: 12th and 11th Street
Property Visibility: Good
Legal Description: WW 2 SW 2 M 1/2 PT 3 and M 1/2 PT 3 WILM BLK 188
Largest Nearby Street: Chestnut
Feet of Frontage: 360
Highway Access: Access to 17, 421, 74/76 and I40
Airports: ILM
Site Description: Cleared level vacant lot. 30% covered with asphalt parking area. Fenced in on east and southern sides. Corner lot with frontage on two city street
Area Description: Urban Mixed Use zoning. Mix of residential, multifamily and commercial uses in the area.This is an area of opportunity and may fall within a number of city programming areas.
Lot Frontage: 231
Lot Depth: 184
Zoning Description: Go to City of Wilmington Land Use Plan https://www.wilmingtonnc.gov/
Development Name: Chestnut Street
Topography: Level
Soil Type: Mixed
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: 12,661 46,162 116,189
Median Age: 35.73 35.32 35.91
Households: 5,692 21,230 49,367

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