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2929 Market St - Azalea Inn in Wilmington, Land 4 Acres of Commercial Land Offered at $4,500,000 in Wilmington, NC 28403
Investment Highlights
- High Visibility: 360 feet of frontage on Market Street with 25,000+ daily vehicles.
- Transit Access: Served by WAVE Transit; near the upcoming Independence Boulevard Extension.
- Versatile Zoning: O&I zoning suitable for hotels, restaurants, daycare centers, and retail.
- Prime Location: Two miles from downtown Wilmington and adjacent to Forest Hills.
- Airport Proximity: Less than four miles from New Hanover County International Airport.
Executive Summary
This four-acre corner lot at 2929 Market Street in Wilmington, NC, offers a prime opportunity for development. With 360 feet of frontage on Market Street and exposure to approximately 25,000 vehicles per day, this property is poised to capture significant attention.
Centrally located, it is adjacent to the desirable Forest Hills neighborhood and only two miles from downtown Wilmington. The property is also well-connected, served by a WAVE Transit bus route and just a block away from the planned Independence Boulevard Extension project, which will further improve access and reduce congestion in the area.
Situated along Route 17, this property is less than four miles from New Hanover County International Airport. Zoned O&I, it is ideal for various new developments, including hotels, restaurants, daycare centers, medical offices, or retail/mixed-use developments.
Centrally located, it is adjacent to the desirable Forest Hills neighborhood and only two miles from downtown Wilmington. The property is also well-connected, served by a WAVE Transit bus route and just a block away from the planned Independence Boulevard Extension project, which will further improve access and reduce congestion in the area.
Situated along Route 17, this property is less than four miles from New Hanover County International Airport. Zoned O&I, it is ideal for various new developments, including hotels, restaurants, daycare centers, medical offices, or retail/mixed-use developments.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts Under Contract
| Price | $4,500,000 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 4.02 AC |
| Property Type | Land | ||
| Zoning | O&I-1 - Office and Institutional District – Level 1 | ||
| Price | $4,500,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 4.02 AC |
| Zoning | O&I-1 - Office and Institutional District – Level 1 |
1 Lot Available
Lot
| Price | $4,500,000 | Lot Size | 4.00 AC |
| Price Per AC | $1,125,000.00 |
| Price | $4,500,000 |
| Price Per AC | $1,125,000.00 |
| Lot Size | 4.00 AC |
This four-acre corner lot at 2929 Market Street in Wilmington, NC, offers a prime opportunity for development. With 360 feet of frontage on Market Street and exposure to approximately 25,000 vehicles per day, this property is poised to capture signif
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
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2929 Market St - Azalea Inn in Wilmington, Land
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