Property profile

0 Watercraft Fry Ave Wilmington, NC 28412

OFF-MARKET
Land
0.22 ac lot
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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

Location

Watercraft Fry Ave Wilmington, NC 28412
Wilmington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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