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412 Castle St 0.32 Acres of Commercial Land Offered at $825,000 in Wilmington, NC 28401

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Investment Highlights

Located near signalized intersection.

Great location.

Executive Summary

Castle Street land located in Wilmington. Sellers will consider some seller financing

Wilmington, NC Code of Ordinances

survey

mineral oil & gas

Taxes & Operating Expenses (Actual - 2024) Click Here to Access	Annual	Annual Per AC
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

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

Price	$825,000	Property Subtype	Commercial
Sale Type	Owner User	Proposed Use	Commercial Multifamily
No. Lots	1	Total Lot Size	0.32 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Residential R-3. Borders Urban Mixed Zone and could be a candidate for rezoning.

Price	$825,000
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily
Total Lot Size	0.32 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Residential R-3. Borders Urban Mixed Zone and could be a candidate for rezoning.

1 Lot Available

Lot

Price	$825,000	Lot Size	0.32 AC
Price Per AC	$2,578,125.00

Price	$825,000
Price Per AC	$2,578,125.00
Lot Size	0.32 AC

R-3 Zoned vacant lot. Residential, multifamily and possible rezoning. Cleared area

Description

Prime location on Castle Street consisting of 11,935 SF ( .319 acres) of vacant land zoned R-3. This zoning district is intended for high urban residential development of multi-units. Located in a central part of Wilmington with a concentration of commercial and residential in surrounding area. Originally was 3 separate parcels that were joined together.