209 Wooddale Dr Wilmington, NC 28403

Property Details for 209 Wooddale Dr

Property type

Residential income homes

Description

This exceptional investment opportunity presents a portfolio of three properties totaling approximately 1.4 acres of land and 3,760 square feet of building space in Wilmington, North Carolina. Strategically located on Wrightsville Avenue and Wood Dale Drive, this unique assembly offers significant development potential. The portfolio comprises two parcels with existing buildings zoned Community Business (CB) and a third parcel zoned R-15. The CB zoning allows for a wide variety of uses, enhancing the flexibility for future development plans. The two CB-zoned properties, located at 5011 Wrightsville Avenue and 209 Wood Dale Drive, share a common boundary line, creating a cohesive and easily managed investment. The existing structures provide immediate income potential or the opportunity for renovation and repositioning. The R-15 zoned property adds to the overall development potential, allowing for a range of residential or mixed-use possibilities. This is a rare opportunity to acquire a well-positioned multifamily portfolio with substantial upside potential in a growing market. The asking price is $1,230,000. The property is currently vacant, offering a blank canvas for the discerning investor. This is a Class D property with three units.