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2929 Market Street Wilmington, NC 28403

Sponsored
For Sale
$4,500,000

High-visibility corner lot, ideal for development.

Property size:
174,676 SF

Description

Added:
Jan 8, 2025
Days on Market:
363
This exceptional four-acre commercial lot presents a remarkable development opportunity in Wilmington, NC. Located at 2929 Market Street, this property boasts 360 feet of frontage on a major thoroughfare, enjoying exposure to over 25,000 vehicles daily, ensuring high visibility and significant potential for attracting customers. Its prime location offers easy access to downtown Wilmington (just two miles away) and sits adjacent to the desirable Forest Hills neighborhood. The property benefits from convenient public transportation via a WAVE Transit bus route and is only a block from the planned Independence Boulevard Extension, promising improved traffic flow and accessibility. Furthermore, its proximity to New Hanover County International Airport (less than four miles) adds to its strategic appeal. Zoned O&I, this versatile site is suitable for a wide range of developments, including hotels, restaurants, daycare centers, medical offices, or mixed-use projects. The 4.01-acre lot provides ample space for substantial construction, making it an attractive investment for developers seeking a high-impact location in a thriving area. The property's size and location combine to create a unique opportunity for significant return on investment.

Property Features for 2929 Market Street

General Information

Property type
Hospitals
Square Feet
174,676 SF
Price / Square Foot
$25
Elevators
N/A
Lot Size
174,676 SF

HighLights

  • Four‑acre corner lot with 360 feet of Market Street frontage, attracting 25,000+ vehicles daily.
  • Ideally located two miles from downtown Wilmington, adjacent to Forest Hills neighborhood.
  • O&I zoning allows diverse development options, including hotels, restaurants, and retail uses.
Location Intelligence

Current Use by Public Records

Azalea Inn & Suites Motel America's Best Inn ... Hotel

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wilmington
State
North Carolina
Longitude
-77.907927
Latitude
34.240511

FAQs

What type of property is this?
Hospital - High-visibility corner lot, ideal for development.
Where is this hospital located?
The property is located at 2929 Market Street Wilmington, NC.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Four-acre corner lot with 360 feet of Market Street frontage, attracting 25,000+ vehicles daily.; Ideally located two miles from downtown Wilmington, adjacent to Forest Hills neighborhood.; O&I zoning allows diverse development options, including hotels, restaurants, and retail uses.
More about this property
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