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    OFF-MARKET
    Land

    0 Watercraft Fry Ave, Wilmington, NC 28412

    0.22 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 0.22 ac (9,583 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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