Added: May 5Changed: Aug 12Last Checked: Aug 21 at 12:40PM
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Investment Insights
Based on property information with market context.
Located along the rapidly expanding Highway 421 Industrial Corridor, this property offers approximately 14 acres of industrial-zoned waterfront land in New Hanover County, NC. It features about 700 feet of frontage on the Cape Fear River, providing access, visibility, and development potential within one of Southeastern North Carolina’s industrial markets. Situated 1.5 miles south of the I-140 interchange and approximately five minutes from Downtown Wilmington, the property offers connectivity and proximity to I-40, US Hwy 74/76, Wilmington International Airport (ILM), and the Port of Wilmington. The corridor has seen industrial investment and infrastructure expansion, due to the completion of the I-140 bypass, utility upgrades, and demand for distribution, logistics, manufacturing, and flex-industrial facilities. The Hwy 421 corridor is home to regional and national users including Amazon, FedEx, Ferguson, Home Depot suppliers, Kesseböhmer, Trane, Coastal Carriers, and Paperfoam. New Class A industrial developments such as Wilmington Trade Center and The Yard Industrial Park attract tenant activity and institutional investment. The property benefits from proximity to Downtown Wilmington’s urban amenities, including the Riverwalk, waterfront restaurants and breweries, boutique hotels, entertainment venues, financial institutions, and professional services. Downtown Wilmington also provides access to the Wilmington Convention Center, Live Oak Bank Pavilion, and an expanding residential population. With river frontage, industrial zoning, and access to the region’s transportation infrastructure, this property represents an opportunity for industrial, logistics, maritime-related, or mixed industrial redevelopment in coastal North Carolina’s commercial corridors. Approximate 14 acre portion of Parent Parcel R04000-003-006-000 to be subdivided and subject to survey, new deeded access points and easements. FEMA Flood Zone AE. Seller has made improvements to the site's elevation.
Key Highlights
Approximately 14 acres of industrial‑zoned (IND) waterfront property with ~700 feet of frontage on the Cape Fear River.
Located in the rapidly expanding Highway 421 Industrial Corridor in New Hanover County, NC.
Exceptional access and visibility, situated 1.5 miles south of the I‑140 interchange and approximately five minutes from Downtown Wilmington.
Property Analytics
Property Profile
Current Use
Industrial land
Suggested Use
Top PickStorage FacilityBig Box & Wholesale StorePlumbing ServiceAuto Parts StoreKitchen & Bath ShowroomFood Market
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
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 28401, NC
22,204
Population
13,017
Households
1.7
Avg Household Size
41
Median Age
34%
College-Educated
88%
High-School Grad
31.0 sq mi
ZIP Area
716
Density / Sq Mi
$52,159
Median Household Income
$35,739
Median Earnings
$1,183
Median Rent
$263,000
Median Home Value
Market
Vacancy Rate%for Industrial in South region
6%2019
6.5%2020
4%2021
3.5%2022
6%2023
7.6%2024
7.9%2025
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Industrial land - 14 acres of industrial-zoned waterfront property on Cape Fear River.
Where is this industrial land located?
The property is located at 2400 US Hwy 421 N Wilmington, NC.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 14 acres of industrial‑zoned (IND) waterfront property with ~700 feet of frontage on the Cape Fear River.; Located in the rapidly expanding Highway 421 Industrial Corridor in New Hanover County, NC.; Exceptional access and visibility, situated 1.5 miles south of the I‑140 interchange and approximately five minutes from Downtown Wilmington.