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College Road 1602 & 1620 S College Rd 3.54 Acres of Commercial Land for Lease in Wilmington, NC 28403

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HIGHLIGHTS

  • ±3.54 Acres available for ground lease (owners will consider subdividing)
  • High visibility and traffic counts
  • Located near the intersection of Oleander Dr. & College Rd.
  • Ideal for redevelopment or build-to-suit opportunities

LOT AVAILABLE

Display Rental Rate as

Rental Rate
  • $2.30 /SF/YR
  • $0.19 /SF/MO
  • $353,999 /YR
  • $29,500 /MO
Lease Term Negotiable
Lot Size 3.54 AC

Cape Fear Commercial is pleased to present this ± 3.54 acre hard-corner site located along one of the region’s most heavily trafficked corridors. The property is offered as a 
ground lease, with the potential for subdivision for the right user and site design.

At this location at the intersection of Long Leaf Park, College Road sees up to 50,223 vehicles per day (NCDOT 2024).

PROPERTY OVERVIEW

The site provides excellent visibility and direct access from both South College Road and Spirea Drive, making it well-suited for a wide range of retail, service, or mixed-use development. Note: The property is currently improved with three structures: Tandoori Bites restaurant, Carolina BBQ & Seafood, and a residential building. Please do not disturb existing tenants.

PROPERTY FACTS

Total Space Available 3.54 AC
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Restaurant
  • Listing ID: 39011134

  • Date on Market: 1/8/2026

  • Last Updated:

  • Address: 1602 & 1620 S College Rd, Wilmington, NC 28403

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