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1007 N 4th St - Downtown Development Site 0.34 Acres of Commercial Land Offered at $1,500,000 in Wilmington, NC 28401
Investment Highlights
- Ideal spot to expand existing 2000 SF building foot print and go up with a multi-floor building.
Executive Summary
Exceptional Real Estate Development Opportunity in the Heart of the Brooklyn Arts District. .335 acre corner located in the vibrant and well-known social district, the property benefits from Central Business District (CBD) zoning, allowing for expanded uses and future growth potential.
Seize this rare opportunity to grow an established business in the highly sought-after Brooklyn Arts District. Ideal spot to expand existing 2000 SF building foot print and go up with a multi-floor building.
With strong foot traffic, a dynamic surrounding community, and endless development possibilities, this is a rare chance to secure both a proven business and prime real estate in one of the area's most popular destinations.
Opportunities like this don't come around often.
Seize this rare opportunity to grow an established business in the highly sought-after Brooklyn Arts District. Ideal spot to expand existing 2000 SF building foot print and go up with a multi-floor building.
With strong foot traffic, a dynamic surrounding community, and endless development possibilities, this is a rare chance to secure both a proven business and prime real estate in one of the area's most popular destinations.
Opportunities like this don't come around often.
Property Facts
| Price | $1,500,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.34 AC |
| Property Type | Land | ||
| Zoning | CBD - Central Business District | ||
| Price | $1,500,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.34 AC |
| Zoning | CBD - Central Business District |
1 Lot Available
Lot
| Price | $1,500,000 | Lot Size | 0.34 AC |
| Price Per AC | $4,411,764.71 |
| Price | $1,500,000 |
| Price Per AC | $4,411,764.71 |
| Lot Size | 0.34 AC |
Description
With strong foot traffic, a dynamic surrounding community, and endless development possibilities, this is a rare chance to secure both a proven business and prime real estate in one of the area's most popular destinations. No set back and 50 foot building height provide the opportunity to create a mixed use development.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R04809-036-013-000 | Improvements Assessment | $480,700 |
| Land Assessment | $643,700 | Total Assessment | $1,124,400 |
Property Taxes
Parcel Number
R04809-036-013-000
Land Assessment
$643,700
Improvements Assessment
$480,700
Total Assessment
$1,124,400
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