Wilmington Redevelopment
For Sale
$499,000
2006 Princess Place Drive, Wilmington, NC 28405
COMMERCIAL - Wilmington, NC
Property Size5,636 SF
Lot Size0.33 Acres
Price / SF$88.54
Days on Market167
Property Features for 2006 Princess Place Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB-COMMUNITY B
Parking features
Off Street
Subdivision
Green Acres
Lot features
Open Lot
Directions
Drive south on Market St. towards downtown. Turn right onto 23rd street, and then left onto Princess Place. Property will be about 1/4 mile ahead on the left hand side.
Standard status
Active
APN
R04815-017-017-000
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 100X142AV PRINCESS PL
Tax Annual Amount
3043
Legal Description
LOT 100X142AV PRINCESS PL
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Flooring type
Concrete
Building materials
Block
Roof type
Tar/Gravel, Flat, Membrane
Listing Agency:
Intracoastal Realty Corporation
(910) 256-4503
Listed By:
Sarah N Busalachi · License #334591
(910) 228-6178
Added: Feb 13
Changed: Jul 12
Last Checked: Jul 30 at 9:06PM
MLS# 100554420
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a unique redevelopment opportunity in a highly desirable area near Downtown Wilmington. It is situated on Princess Place Drive, a well-traveled connector road. The property includes an existing 5636-square-foot cement block building, which holds the key to valuable land beneath. The site offers ample road frontage and great visibility. It is located close to Mary Bridgers and Bullock parks, the greenway, and Wilmington's Cape Fear Rugby facility/field. Neighborhood business uses are appropriate due to the CB zoning. The building is being sold as-is, and asbestos abatement is roughly 90% complete. The lot size is 0.33 acres.
Key Highlights
- Cement block building totaling 5,636 SF, built in 1965
- Public water and public sewer available
- Flat roof with membrane and tar/gravel roofing materials
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
348
Businesses Nearby
Explore this area
Business Placement
Demographics for 28405, NC
31,775
Population
17,073
Households
1.9
Avg Household Size
41
Median Age
41%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,352
Density / Sq Mi
$67,809
Median Household Income
$41,265
Median Earnings
$1,405
Median Rent
$337,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Redevelopment opportunity near Downtown Wilmington with existing building.
Where is this commercial land located?
The property is located at 2006 Princess Place Drive Wilmington, NC.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Cement block building totaling 5,636 SF, built in 1965; Public water and public sewer available; Flat roof with membrane and tar/gravel roofing materials
