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1551 Point Harbor Rd - Multifamily Site

14 Acres of Commercial Land Offered at $5,995,000 in Wilmington, NC 28408

Investment Highlights

  • Large Riverfront Tract
  • Across from Downtown Wilmington

Executive Summary

Located on the Cape Fear River in Wilmington, NC, the Subject consists of over 29 acres that contains over 1,200 feet of waterfront. The site benefits from tremendous views of downtown Wilmington along with exceptional accessibility and visibility from the Isabella Holmes Bridge and US Hwy 421.
Of note, there has been over $300 million invested in new development in Downtown Wilmington since 2014, to include several new hotels, apartment complexes and other commercial projects. In addition, the City of Wilmington is planning for North Waterfront Park, which will be located directly across the river from the Subject and is expected to open Spring 2021.

Property Facts

Price $5,995,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
  • Hospitality
Total Lot Size 14.00 AC

1 Lot Available

Lot

Price $5,995,000
Price Per AC $428,214
Lot Size 14.00 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R04700-003-001-000
Land Assessment
$507,100
Improvements Assessment
$2,879,000
Total Assessment
$3,386,100

zoning

Zoning Code RF-MU
RF-MU
  • Listing ID: 12286417

  • Date on Market: 4/17/2018

  • Last Updated:

  • Address: 1551 Point Harbor Rd, Wilmington, NC 28408

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