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    Watercraft Fry Ave Wilmington, NC 28412

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    Prime Waterfront Commercial Land in Wilmington, NC

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire prime commercial land within Riverlights, a thriving 1,400-acre master-planned mixed-use development in Wilmington, North Carolina. These waterfront sites, situated on the Cape Fear River, offer .22 to .28 acres of land, priced at $1,400 per acre. The property boasts a coveted location within a community projected to encompass approximately 3,000 residential units upon completion, providing a substantial existing and future customer base. With over 14,000 residences already within a 3-mile radius, this location offers immediate access to a large consumer market. Enjoy the benefits of approximately 12 miles of Cape Fear River frontage, adding significant appeal and potential for various commercial ventures. The property's strategic location provides convenient access to downtown Wilmington (within 15 minutes) and the beach (also within 15 minutes), a highly desirable area recently ranked No. 2 by USA Today's Reader Choice. The average sale price of single-family homes within Riverlights is $595,000, indicating a strong and affluent residential community. This presents a unique chance to establish a successful commercial enterprise in a rapidly growing and highly sought-after location. The land is zoned for mixed-use development, allowing for a wide range of commercial possibilities.

    Property Features for 0 Watercraft Fry Ave

    General Information

    Property type
    Land
    Lot Size
    9,583 SF

    HighLights

    • Located in the 1,400‑acre Riverlights master‑planned mixed‑use development.
    • Waterfront property on the Cape Fear River.
    • 140 acres of commercial land available for mixed‑use development within Riverlights.
    • Riverlights is a 1,300‑acre master‑planned mixed‑use community with approximately 3,000 planned residential units.
    • Close proximity to over 14,000 existing homes within a 3‑mile radius.
    • Waterfront location on the Cape Fear River.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9423054
    Latitude
    34.1516288

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    FAQs

    What type of property is this?
    Land - Prime Waterfront Commercial Land in Wilmington, NC
    Where is this land located?
    The property is located at Watercraft Fry Ave Wilmington, NC.
    What are key features of this property?
    This property features: Located in the 1,400-acre Riverlights master-planned mixed-use development.; Waterfront property on the Cape Fear River.; 140 acres of commercial land available for mixed-use development within Riverlights.
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    Watercraft Fry Ave 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
    Watercraft Fry Ave Wilmington, NC 28412
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