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Commercial Land With Existing Building
For Sale
$499,000

2006 Princess Place Drive, Wilmington, NC 28405

Commercial Sale, Wilmington, NC

Property SizeContact for details
Lot Size0.33 Acres
Days on Market230

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 Flat, Membrane, Tar/Gravel
Listing Agency: Intracoastal Realty Corporation
Listed By: Sarah N Busalachi · License #334591
Added: Feb 13 Changed: Sep 14 Last Checked: Oct 1 at 8:06PM
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 0.33-acre commercial land offering includes an existing 5,636-square-foot concrete block building constructed in 1965. The structure is being sold as-is and features concrete flooring, a flat membrane/tar-and-gravel roof, and off-street parking. Asbestos abatement is approximately 90% complete.

Located on Princess Place Drive in Wilmington, the property has road frontage and sits along a traveled connector road. Nearby context includes Mary Bridgers Park, Bullock Park, the greenway, and the Cape Fear Rugby facility and field. CB-Community B zoning supports neighborhood business uses, while public water and public sewer serve the site. Water is available, and the property is positioned for redevelopment or reuse of the existing improvements.

Key Highlights

  • 0.33‑acre commercial land parcel
  • Existing 5,636‑square‑foot block building
  • CB‑Community B zoning for neighborhood business uses

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply Nail Salon Spa & Massage Center Parking Lot & Garage

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

395
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - CB zoning, public utilities, and an existing block structure support neighborhood business redevelopment.
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: 0.33‑acre commercial land parcel; Existing 5,636‑square‑foot block building; CB‑Community B zoning for neighborhood business uses
More about this property
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