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    2441 Princess Place Dr Wilmington, NC 28405

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    For Sale
    $9,800,000

    87.07 acres of land near Wilmington's commercial and residential growth.

    Lot size:
    87.06 Acres

    Property Features for 2441 Princess Place Dr

    General Information

    Lot size
    87.06 Acres

    Source: Cape Fear Commercial, LLC Agent Spruill Thompson

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

    Overview

    Wilmington Undeveloped Land Parcel

    Three undeveloped parcels totaling approximately 87.07 acres are available off N 23rd Street in northern Wilmington, North Carolina. The location benefits from commercial and residential growth in the corridor between Princess Place and Wrightsboro, and is adjacent to Atlantic Packaging, Cinespace Studios, and FedEx. The property is positioned just north of Historic Downtown Wilmington and is in close proximity to Wilmington International Airport, offering excellent connectivity. Convenient access is available to I-40, I-140, and US Highway 74/76. The property is near major demand drivers such as North Kerr Industrial Park, the Port of Wilmington, and several recently developed commercial and residential communities. A planned NCDOT roadway connecting N 23rd Street to N 26th Street will further enhance access and traffic flow around the site and surrounding businesses. Zoned Light Industrial (City of Wilmington), the property is suited for a range of uses, including industrial, distribution, warehouse, retail, and general office.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9154971
    Latitude
    34.2438683

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    FAQs

    What type of property is this?
    Land - 87.07 acres of land near Wilmington's commercial and residential growth.
    Where is this land located?
    The property is located at 2441 Princess Place Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $9,800,000.
    What are key features of this property?
    This property features: - Large Acreage: Three parcels totaling ±87.07 acres, offering substantial development potential.; - Strategic Location: Situated in a high-growth corridor between Princess Place and Wrightsboro, near major businesses.; - Excellent Connectivity: Convenient access to I-40, I-140, and US Highway 74/76, close to downtown and the airport.
    (910) 431-8280
    Request Owner's contact information
    2441 Princess Place Dr Wilmington, NC 28405
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    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
    2441 Princess Place Dr Wilmington, NC 28405
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