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    OFF-MARKET
    Land

    604-608 Shipyard Blvd, Wilmington, NC 28412

    2.42 ac lot
    Property ID
    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
    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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