Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3516 N Kerr Ave Wilmington, NC 28405

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    1.08 acres of prime commercial land for development.

    Lot size:
    1.07 Acres

    Property Features for 3516 N Kerr Ave

    General Information

    Standard status
    Active
    Lot size
    1.07 Acres

    Building Details

    Year built
    1965

    Source: INTRACOASTAL REALTY CORP Agent JEFFREY G HOVIS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Development Opportunity

    This property, being sold in conjunction with 3512 N. Kerr Avenue, offers a total of 1.08 acres suitable for prime commercial development. The location is highly desirable. Note that the home on the property is occupied by tenants and is not accessible, as the property is being sold for its land value. The parcel IDs are R03315-001-005-000 and R03315-001-004-000. These two lots can be combined with the corner frontage property at 2604 Castle Hayne Road for an additional amount.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9200602
    Latitude
    34.288748

    Nearby Similar for Sale

    • $1,465,000
      4,848 SF

      Wilmington Mixed-Use Investment Opportunity

      8-unit mixed-use property near historic district with strong rental history.
      719 Princess St, Wilmington, NC 28401
      View Details
    • $890,000
      5,467 SF

      Historic Mansion in Downtown Wilmington

      Unique historic mansion with development potential in Wilmington's Historic District.
      708 Market St, Wilmington, NC 28401
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Residence

      Historic 4,761 sq ft residence in downtown Wilmington.
      118 S 4Th St, Wilmington, NC 28401
      View Details
    • New
      $719,000
      2,015 SF

      Wilmington Income-Generating Multifamily Property

      Income property near Downtown, Burnt Mill Creek, and Soda Pop District.
      2020 Princess Place Dr, Wilmington, NC 28405
      View Details
    • $888,000
      3,104 SF

      Wilmington Duplex: Short-Term Rental Income

      Fully furnished duplex in Wilmington, NC, generating substantial rental income.
      312 Church St, Wilmington, NC 28401
      View Details
    • New
      $5,799,900
      24,768 SF

      Wilmington Multifamily Investment Opportunity

      Portfolio of eight duplexes near downtown Wilmington.
      1405 Corbett St, Wilmington, NC 28401
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.08 acres of prime commercial land for development.
    Where is this commercial land located?
    The property is located at 3516 N Kerr Ave Wilmington, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime commercial development opportunity.; - Highly desirable location.; - Total of 1.08 acres.
    (910) 256-4503
    Request Owner's contact information
    3516 N Kerr Ave Wilmington, NC 28405
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3516 N Kerr Ave
    Wilmington, NC 28405
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3516 N Kerr Ave Wilmington, NC 28405
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.