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112 N College Rd
Wilmington, NC 28405
Industrial Property For Sale
Investment Highlights
- High Traffic Count
- Highly Visible
Executive Summary
Prime commercial property for industrial reuse or redevelopment at 112 N. College Road in Wilmington, North Carolina. The property includes an existing ±40,000 SF industrial building on +/- 4.5 acres with a superior location providing multiple value paths for an end-user, investor, or developer to either capitalize on the current improvements or pursue long-term redevelopment.
REUSE AND REPURPOSING opportunities include:
• Warehouse, distribution, light manufacturing operations or life sciences.
• Contractor service, fleet, or service-oriented commercial uses
• Adaptive reuse for office, flex, or mixed commercial applications
• Interim income or owner-user occupancy while planning redevelopment
REDEVELOPMENT is supported by:
• Four parcels totaling ±4.5 acres with substantial depth and 1000+ feet of College Road and 125+ feet Market Street frontage
• Annual Average Daily Traffic (AADT) counts ±40,000 vehicles per day on College Rd AND Market St.
• Dual zoning: General Industrial (IND) and Regional Business (RB) under City of Wilmington Zoning Code.
• Future Land Use designations encouraging employment, academic, and live/work innovation uses.
• Ability to phase development by retaining, expanding, or removing existing improvements.
This dual-track opportunity allows buyers to reduce basis through reuse of existing infrastructure while maintaining optionality for higher-density redevelopment in one of Wilmington’s most active commercial corridors. The property is strategically located near UNCW, Wilmington International Airport (ILM), and major retail and employment hubs (ie Costco, Academy Sports, Corning Inc., New Hanover County Government Center Office, etc), with planned NCDOT roadway improvements further enhancing long-term accessibility.
Environmental Phase I & II assessments have been completed, with remediation performed and final testing confirming conditions below regulatory thresholds.
Ideal for investors, owner-users, or developers seeking a highly visible infill site with access to Market Street and College Road in one of Wilmington’s strongest commercial corridors.
REUSE AND REPURPOSING opportunities include:
• Warehouse, distribution, light manufacturing operations or life sciences.
• Contractor service, fleet, or service-oriented commercial uses
• Adaptive reuse for office, flex, or mixed commercial applications
• Interim income or owner-user occupancy while planning redevelopment
REDEVELOPMENT is supported by:
• Four parcels totaling ±4.5 acres with substantial depth and 1000+ feet of College Road and 125+ feet Market Street frontage
• Annual Average Daily Traffic (AADT) counts ±40,000 vehicles per day on College Rd AND Market St.
• Dual zoning: General Industrial (IND) and Regional Business (RB) under City of Wilmington Zoning Code.
• Future Land Use designations encouraging employment, academic, and live/work innovation uses.
• Ability to phase development by retaining, expanding, or removing existing improvements.
This dual-track opportunity allows buyers to reduce basis through reuse of existing infrastructure while maintaining optionality for higher-density redevelopment in one of Wilmington’s most active commercial corridors. The property is strategically located near UNCW, Wilmington International Airport (ILM), and major retail and employment hubs (ie Costco, Academy Sports, Corning Inc., New Hanover County Government Center Office, etc), with planned NCDOT roadway improvements further enhancing long-term accessibility.
Environmental Phase I & II assessments have been completed, with remediation performed and final testing confirming conditions below regulatory thresholds.
Ideal for investors, owner-users, or developers seeking a highly visible infill site with access to Market Street and College Road in one of Wilmington’s strongest commercial corridors.
Property Facts
Utilities
- Gas
Property Taxes
| Parcel Number | R04912-003-002-000 | Improvements Assessment | $1,411,600 |
| Land Assessment | $1,724,400 | Total Assessment | $3,136,000 |
Property Taxes
Parcel Number
R04912-003-002-000
Land Assessment
$1,724,400
Improvements Assessment
$1,411,600
Total Assessment
$3,136,000
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