928 SqFt
928 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 928 sqft
Price per Sqft $1,399
Subdivision Belmont
MLS Listing ID 100581011
HOA Y/N Yes
Lot Size 2.560 Acres
Acres 2.56
Lot Dimensions irregular
Property Sub-Type Multi Family
Source Hive MLS
Property Description
This newly combined parcel presents a rare and exciting development opportunity in one of Wilmington's fastest-growing residential infill corridors. The site includes approximately 2.56 acres with approximately 100 feet of road frontage along Worth Drive, providing valuable access for utilities and vehicles to the rear acreage.
Rezoning approvals are nearly in hand, positioning this property for a planned residential development and significantly advancing the project beyond the typical early-stage planning process. The site is well suited for a thoughtfully designed townhome or cottage court community with the potential for up to 20 units, subject to final approvals and development requirements.
The surrounding area continues to experience substantial residential growth, with numerous new construction projects, including duplex and triplex communities, reinforcing the area's transition toward higher-density residential development.
An existing 2-bedroom, 1-bath home on the property is currently leased for $1,800 per month on a 12-month term, providing immediate income while final development plans move forward.
This is a unique opportunity to acquire a strategically located, development-ready parcel in a proven growth corridor with rezoning progress already substantially underway. Ideal for builders, developers, and investors seeking a residential infill project in the Wilmington market.
Location
State NC
County New Hanover
Community Belmont
Zoning R-15
Direction From downtown Wilmington, take Carolina Beach Rd. Turn right on to Shipyard Blvd, then left on to Worth Dr. Properties will be on right
Location Details Mainland
Interior
Heating Natural Gas
Exterior
Parking Features Gravel, Off Street
Amenities Available None
Garage No
Building
Lot Description See Remarks
New Construction Yes
Others
Tax ID R06105-001-010-000
Special Listing Condition Standard
Schools and Properties Nearby
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