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Mixed-Use Development Land with Utilities
For Sale
$750,000

121 Plantation Road, Wilmington, NC 28411

Unimproved commercial land with approved special use permits and existing fiber and underground electric installations.

Property Size385,070 SF
Price / SF$1.95
Days on Market1433

Property Features for 121 Plantation Road

General Information

Standard status Active
Size 385,070 SF
Property subtype Land / Undeveloped
Zoning R-15

Taxes and HOA fees

Annual Taxes $1,895

Amenities

MLS
Listing Agency: Coastal Properties
Listed By: Donna H Grady · License #231580
Source: Compass
Added: Sep 7, 2022 Changed: Aug 8 Last Checked: Aug 9 at 12:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Properties

Investment Insights

Based on property information with market context.

This is unimproved commercial land totaling 8.84 acres, offered for sale as a development site. Two special use permits have been approved, including an assisted living facility and a 95' cell tower. Fiber optic cables and underground electric cables have already been added to the area. Land studies are available to serious buyers.

The property is located on the East side of Military Cutoff Extension and within Northern New Hanover County. The service road off MCE is approximately 1,371 feet from the parcel. Road frontage includes 464.4 feet on Plantation Road and 844 feet on Old Plantation Road, which runs toward Old Oak Road and ultimately to Market Street.

CFPUA water and sewer availability is planned: the Crooked Pine Water Project is scheduled for availability in 2026 on a cost basis, and the Last Frontier Project is expected to serve the area at the end of 2025. Prospective buyers can review details on the CFPUA website or via the county website materials related to the Board of Commissioners meeting dated May 5, 2025 under Item 17 (Carillion assisted living hearing).

Key Highlights

  • 8.84 acres of unimproved commercial land in Northern New Hanover County
  • Two special use permits approved for an assisted living facility and a 95' cell tower
  • Existing fiber optic cables and underground electric cables have been added to the area

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Hair Salon Electrical Service Gym & Fitness Center Daycare Center Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6
Businesses Nearby

Demographics for 28411, NC

37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value
Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Unimproved commercial land with approved special use permits and existing fiber and underground electric installations.
Where is this commercial land located?
The property is located at 121 Plantation Road 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: 8.84 acres of unimproved commercial land in Northern New Hanover County; Two special use permits approved for an assisted living facility and a 95' cell tower; Existing fiber optic cables and underground electric cables have been added to the area
More about this property
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