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Property profile & analytics
OFF-MARKET
Mixed-use properties

0 Watercraft Fry Ave Wilmington, NC 28412

100,000 SF 140 ac lot
Property ID
Property summary
AI-generated overview

This exceptional mixed-use development opportunity encompasses approximately 140 acres of prime commercial land situated within the thriving Riverlights community in Wilmington, North Carolina. Located on the Cape Fear River, this waterfront property offers unparalleled access to the area's natural beauty and vibrant lifestyle. The site boasts a total of approximately 100,000 square feet, with individual parcels ranging from 0.22 to 0.5 acres, ideal for a variety of commercial ventures, including hotels and retail establishments. Riverlights is a master-planned community, already home to over 750 homes and 295 apartments, with plans for a total of 3,350 homes upon completion. This strategic location provides easy access to downtown Wilmington's charming streets, renowned culinary scene, and award-winning golf courses, all within a 15-minute radius. Furthermore, the property is conveniently located just 15 minutes from Carolina Beach and is surrounded by numerous employers, reflecting Wilmington's status as one of North Carolina's fastest-growing cities. This is a rare chance to acquire one of the last remaining large commercial development sites in this highly desirable location, offering significant potential for substantial returns. The property's proximity to over 14,000 existing residences within a three-mile radius ensures a robust customer base. The extensive river frontage adds to the property's unique appeal and development potential.

Property profile
Verified
Property type Mixed-use properties
Total area 100,000 SF
Lot 140 ac (6,098,400 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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