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1098 Hoover Rd 2,574 SF Office Building Hampstead, NC 28443 $1,100,000 ($427.35/SF)



Investment Highlights
- Less than a quarter mile from the future Hampstead Bypass and about one mile from Highway 17.
- Includes 3.16± acres across four parcels with rezoning efforts already underway.
- Suitable for retail, office, medical, restaurant, or flex space development.
- Located in a fast-growing corridor designated as a Neighborhood Center for future commercial use.
- Surrounded by new residential communities, driving strong local demand for services.
- Positioned between Wilmington and Hampstead, offering immediate and long-term potential.
Executive Summary
A rare opportunity to secure approximately 3.5± acres across four contiguous parcels in one of Pender County's fastest-growing corridors. Located on Hoover Road in Hampstead, the property sits less than ¼ mile from the future Hampstead Bypass interchange and approximately one mile from Highway 17, placing it in a highly strategic position as new infrastructure and residential growth continue to reshape the area. Surrounded by rapid development, the site sits directly beside a new Logan Homes community and within a corridor experiencing significant expansion. With significant residential growth occurring throughout the surrounding area, the location is well positioned to serve the growing demand for nearby services, retail, and neighborhood amenities. The parcels are currently zoned residential, and work is underway exploring a conditional rezoning to commercial use. Efforts are actively being coordinated with Pender County, NCDOT, and local planning officials, and early conversations have been encouraging. According to the Pender County Future Land Use Plan, the area is designated Neighborhood Center, which supports small-scale commercial uses intended to serve surrounding residential communities. Given the surrounding development, future land use designation, and proximity to major infrastructure, the highest and best use for the property is commercial. Potential uses could include: • Neighborhood shopping center • Flex or service commercial space • Medical or professional office • Restaurant or convenience retail • Local services designed to support nearby residential communities As the Hampstead market continues to grow, opportunities to secure multi-parcel sites near new infrastructure and expanding residential communities are becoming increasingly limited. This location offers developers, investors, and end users the ability to establish a presence in a corridor expected to see continued demand for neighborhood-serving commercial uses. Ideally positioned between Wilmington and the Hampstead growth corridor, and just moments from the future bypass interchange, this property offers both immediate potential and long-term upside. 4 Parcels Included • 1098 Hoover Rd - Parcel #3283-93-0949-0000 - 1.20± acres (GIS estimate) • 1144 Hoover Rd - Parcel #3283-94-0174-0000 - 0.58± acres (GIS estimate) • 1144 Hoover Rd - Parcel #3283-94-0287-0000 - 0.84± acres (GIS estimate) • Hoover Rd (vacant) - Parcel #3283-94-1309-0000 - 0.54± acres (GIS estimate) Total: Approximately 3.16± acres based on GIS calculations (buyer to verify).
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
2,574 SF
Building Class
C
Year Built
2003
Price
$1,100,000
Price Per SF
$427.35
Building Height
2 Stories
Typical Floor Size
1,287 SF
Building FAR
0.05
Lot Size
1.19 AC
Zoning
RP - Residential Performance
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 3283-93-0949-0000 | Improvements Assessment | $431,742 |
| Land Assessment | $108,060 | Total Assessment | $539,802 |
Property Taxes
Parcel Number
3283-93-0949-0000
Land Assessment
$108,060
Improvements Assessment
$431,742
Total Assessment
$539,802
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1098 Hoover Rd
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