Property profile

604-608 Shipyard Blvd Wilmington, NC 28412

OFF-MARKET
Land
2.42 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 2.42 ac (105,415 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

604-608 Shipyard Blvd Wilmington, NC 28412
Wilmington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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