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    4456 Fairview Dr Wilmington, NC 28412

    Sponsored
    For Sale
    $795,000

    1.87 Acres, MX Zoning, High-Growth Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.87-acre commercial land parcel, located at 4456 Fairview Drive in Wilmington, North Carolina (APN R07000-003-205-000), presents a unique investment opportunity. Zoned MX, this site is ideally suited for retail or office development and benefits from a prime location at a signalized intersection. The property enjoys exceptional visibility and accessibility, positioned directly across from the Echo Farms residential subdivision. This thriving community is undergoing significant expansion, with the redevelopment of the former Echo Farms Golf & Country Club underway. This redevelopment project will add 171 single-family homes, 125 townhomes, and 240 apartments to the immediate vicinity. Further enhancing the property's potential, an additional 276 apartments are planned directly behind or adjacent to the site. This significant residential growth creates a robust and expanding market for commercial ventures. The property's strategic location and the surrounding development activity promise strong returns for investors seeking a high-growth area in Wilmington, NC. Detailed site plans are available upon request. The asking price for this exceptional opportunity is $795,000.

    Property Features for 4456 Fairview Dr

    General Information

    Property type
    Land
    Lot Size
    81,457 SF

    HighLights

    • $795,000 asking price.
    • 1.87‑acre commercial land parcel.
    • MX zoning.
    • Located at 4456 Fairview Dr, Wilmington, NC 28412 (APN: R07000‑003‑205‑000).
    • Ideal for retail or office development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Accounting Firm Skin Care Clinic

    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
    -77.9159143
    Latitude
    34.16442

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    FAQs

    What type of property is this?
    Land - 1.87 Acres, MX Zoning, High-Growth Area
    Where is this land located?
    The property is located at 4456 Fairview Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price.; 1.87-acre commercial land parcel.; MX zoning.
    Request Owner's contact information
    4456 Fairview Dr Wilmington, NC 28412
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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
    4456 Fairview Dr Wilmington, NC 28412
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