604-608 Shipyard Blvd, Wilmington, NC 28412
This exceptional 2.42-acre commercial land parcel presents a remarkable development opportunity in the thriving Wilmington, North Carolina market. Located at 604-608 Shipyard Boulevard, this property boasts a strategic position benefiting from significant daily traffic volumes. Specifically, the site enjoys proximity to Shipyard Boulevard, which sees 17,000 vehicles per day, and Carolina Beach Road, with an impressive 30,500 vehicles per day. This high visibility ensures maximum exposure for any development. The property's versatility makes it ideal for a range of uses, including single-tenant or multi-tenant retail establishments, or medical facilities. Further enhancing its appeal, the site includes an access easement providing full access to Carolina Beach Road, ensuring convenient ingress and egress for customers and employees. This prime location in New Hanover County, with a 28412 zip code, offers unparalleled potential for investors seeking a high-return development project in a rapidly growing area. The property is classified as commercial land and is ready for immediate development. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime Wilmington location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.