1916 16Th St Wilmington, NC 28401
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Hospitality properties
Property Details for 1916 16Th St
- Lot size
- 0.50 lot acres
- Property type
- Hospitality properties
Description
This exceptional 0.5-acre commercial property, located at 1916 S 16th St in Wilmington, North Carolina (APN: R05419-008-001-000), presents a lucrative investment opportunity. Priced at $400,000, this represents a land value of $800,000 per acre. The property boasts a highly desirable location on the signalized corner of S. 16th Street and Robinhood Road, offering unparalleled visibility and accessibility. Situated less than a quarter-mile from New Hanover Regional Medical Center, this site benefits from significant daily traffic counts averaging 24,000 vehicles on 16th Street. Zoned O&I, the property is ideally suited for a variety of uses, including restaurants with drive-thrus, drug stores, or office spaces. The vacant land provides ample space for development, making this a prime opportunity for investors seeking a high-traffic, strategically located commercial property in a thriving Wilmington neighborhood. The property's zoning and location combine to create a strong foundation for a successful commercial venture. This is a rare opportunity to acquire a well-positioned parcel in a high-demand area of Wilmington, NC. The property's proximity to a major medical center further enhances its appeal and potential for strong returns.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9264
- Latitude
- 34.2128
