1551 Point Harbor Rd - Multifamily Site
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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.
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
1 Lot Available
Lot
Price | $5,995,000 | Lot Size | 14.00 AC |
Price Per AC | $428,214 |
Price | $5,995,000 |
Price Per AC | $428,214 |
Lot Size | 14.00 AC |
PROPERTY TAXES
Parcel Number | R04700-003-001-000 | Improvements Assessment | $2,879,000 |
Land Assessment | $507,100 | Total Assessment | $3,386,100 |
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 |
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1551 Point Harbor Rd - Multifamily Site
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