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2830 Worth Dr - Strategic Multi-Parcel Assemblage 2.56 Acres 2.56 Acres of Residential Land Offered at $1,299,000 in Wilmington, NC 28412
Investment Highlights
- ~Package Deal~ Strategic 2.56-acre development
- 20-unit townhome or cottage court community
- Wilmington's fastest-growing residential infill corridors
Executive Summary
This three-parcel assemblage sits in one of Wilmington's fastest-growing residential infill corridors. It includes a road frontage parcel with an existing 2BR/1BA home at 2830 Worth Drive, plus two additional tracts totaling 2.56 acres. The site lies in an area seeing significant new construction, including several duplex and triplex projects. The 100-foot frontage provides essential utility and vehicle access to the rear acreage, making it suitable for a townhome or cottage court community of up to 20 units. The home is currently leased at $1,800 per month on a 12-month term, delivering immediate income during the planning phase. This is a rare chance to secure contiguous land in a proven high-density transition zone. Buyer to verify all zoning and utility capacity.
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$1,800
|
$703.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,800
|
$703.13
|
| Taxes |
$1,635
|
$638.67
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$1,635
|
$638.67
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,800 |
| Annual Per AC | $703.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,800 |
| Annual Per AC | $703.13 |
| Taxes | |
|---|---|
| Annual | $1,635 |
| Annual Per AC | $638.67 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $1,635 |
| Annual Per AC | $638.67 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $1,299,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Conditions | Proposed Use | ||
| No. Lots | 1 | Total Lot Size | 2.56 AC |
| Price | $1,299,000 |
| Sale Type | Investment or Owner User |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 2.56 AC |
1 Lot Available
Lot
| Price | $1,299,000 | Lot Size | 2.56 AC |
| Price Per AC | $507,421.88 |
| Price | $1,299,000 |
| Price Per AC | $507,421.88 |
| Lot Size | 2.56 AC |
This three-parcel assemblage sits in one of Wilmington's fastest-growing residential infill corridors. It includes a road frontage parcel with an existing 2BR/1BA home at 2830 Worth Drive, plus two additional tracts totaling 2.56 acres.
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
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2830 Worth Dr - Strategic Multi-Parcel Assemblage 2.56 Acres
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