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    615 Front St Wilmington, NC 28401

    Sponsored
    For Sale
    $5,495,000

    Prime 1.58-acre CBD lot, $5.495M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.58-acre commercial land parcel presents a remarkable development opportunity in the heart of Wilmington, North Carolina's Central Business District (CBD). Located at 615 N Front Street, this property boasts a highly desirable location directly across from the Wilmington Convention Center, offering unparalleled visibility and accessibility. Zoned for CBD use, the possibilities are extensive, catering to a wide range of commercial projects. The lot, identified by APN R04716-006-001-000, is situated in the rapidly growing downtown area, presenting an ideal investment for developers seeking to capitalize on Wilmington's thriving economy and increasing demand for commercial space. Previously the site of WWAY, this property offers a unique chance to build upon a piece of Wilmington's history while contributing to its vibrant future. The asking price for this exceptional development opportunity is $5,495,000. Its central location, combined with its size and zoning, makes this a truly exceptional investment prospect in one of North Carolina's most dynamic cities. The property's prime location offers easy access to major transportation routes, amenities, and a bustling urban environment. This is a rare chance to acquire a significant piece of land in a highly sought-after area.

    Property Features for 615 Front St

    General Information

    Property type
    Land
    Lot Size
    68,825 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Law Firm Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -77.9500392
    Latitude
    34.2424996

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    FAQs

    What type of property is this?
    Land - Prime 1.58-acre CBD lot, $5.495M
    Where is this land located?
    The property is located at 615 Front St Wilmington, NC.
    What is the asking price?
    The asking price for this property is $5,495,000.
    (910) 512-2205
    Request Owner's contact information
    615 Front St Wilmington, NC 28401
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    Wilmington, NC 28401
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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
    615 Front St Wilmington, NC 28401
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