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504 N 4th St
Wilmington, NC 28401
Rare Central Business District Lot · Land For Sale · 0.09 AC

Investment Highlights

  • Most favorable zoning district CBD / Build 60 -70 feet high / Fantastic location surrounded by businesses & residential building walk everywhere

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Mixed Use
  • Multifamily
  • Apartment Units - Condo
  • Bank
  • Convenience Store
  • General Freestanding
  • Healthcare
  • Parking Lot
  • Restaurant
  • Storefront
  • Storefront, Retail or Office
Total Lot Size 0.09 AC
Zoning CBD Central Business Dist - Max density possible. Height is 60 feet by right and 70 max with public benefit.

Description

Very rare Central Business District downtown parcel available. The CBD zoning is very favorable. It allows almost all uses. It allows you to maximize the number of units by building vertical. Height is 60 feet by right and 70 max with public benefit. Fantastic location in the middle of everything! Just a couple doors down from Edward Teach Brewery, the Brooklyn Arts Center & Fly Trap Brewing. Surrounded by many great residential building & businesses. Unlimited uses possible such as: a mix of commercial downstairs and residential or office on upper floors, multiple unit Airbnb property, boutique hotel, restaurant with rooftop space, event center, condos, town homes, apartments, brewery, mixed used building, and many other commercial uses. A proposed plan included a commercial unit downstairs with upper floors consisting of 10 residential units, and a 2800 SQFT penthouse with a rooftop deck! The views would be amazing! Build exactly what you want!! Instead renovating an old building. The parcel has ingress/egress from two different streets. This allows for rear load garages and parking. This parcel has been fully surveyed & ready to go! A quick walk to the new amphitheater / park, PPD, the Riverwalk, Wilson Center Cape Fear and all the great restaurants / amenities downtown. Parcel currently used as paid parking lot so it's will generate revenue while designing your new building. No sign on the property. **Please don't disturb neighbors, call us with any questions. Very hard to find a good CBD parcel in great location at this price! We expect significant interest in the property. The property is ready go! Own a great property in the North 4th Brooklyn District!

Property Taxes

Property Taxes

Parcel Number
R04813-028-005-000
Land Assessment
$212,200
Improvements Assessment
$2,000
Total Assessment
$214,200
  • Listing ID: 19454337

  • Date on Market: 5/6/2020

  • Last Updated:

  • Address: 504 N 4th St, Wilmington, NC 28401

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