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    106 Pine Grove Dr Wilmington, NC 28403

    Sponsored
    For Sale
    $750,000

    Wilmington, NC: 0.55-acre prime tract

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.55-acre commercial land parcel presents a unique investment opportunity in Wilmington, North Carolina. Located at 106 Pine Grove Drive, just one block from the high-traffic corridor of South College Road, this property boasts unparalleled accessibility and visibility. The strategic location offers easy connectivity to Oleander Drive and Kerr Avenue, ensuring high traffic flow and maximum exposure for any commercial venture. The property features a split zoning designation of RB (Residential Business) and O&I (Office & Institutional), providing remarkable flexibility for a wide range of development options. Existing infrastructure includes approximately 80% impervious surface paved with asphalt, and convenient access is provided via driveways on both Pine Grove Drive and Peachtree Avenue. The property's Assessed Parcel Number (APN) is 3137-60-9232.000. This versatile land is ideal for businesses seeking a high-visibility location with convenient access to major thoroughfares. The asking price for this prime commercial property is $750,000. This is a rare opportunity to acquire a strategically located parcel in a thriving Wilmington neighborhood. Don't miss out on this chance to maximize your investment potential in a high-demand area. The property is situated in New Hanover County, NC, zip code 28403.

    Property Features for 106 Pine Grove Dr

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • 0.55‑acre commercial lot in Wilmington, NC, zoned RB and O&I, offering flexible development options.
    • Prime location one block from S College Road, with easy access to Oleander Drive and Kerr Avenue.
    • Excellent accessibility with existing driveways on Pine Grove Drive and Peachtree Avenue.
    • 80% impervious surface, paved with asphalt.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -77.885514330263
    Latitude
    34.212837380714

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    FAQs

    What type of property is this?
    Land - Wilmington, NC: 0.55-acre prime tract
    Where is this land located?
    The property is located at 106 Pine Grove Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 0.55-acre commercial lot in Wilmington, NC, zoned RB and O&I, offering flexible development options.; Prime location one block from S College Road, with easy access to Oleander Drive and Kerr Avenue.; Excellent accessibility with existing driveways on Pine Grove Drive and Peachtree Avenue.
    (910) 512-3550
    Request Owner's contact information
    106 Pine Grove Dr Wilmington, NC 28403
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    Wilmington, NC 28403
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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
    106 Pine Grove Dr Wilmington, NC 28403
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