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Property profile & analytics
OFF-MARKET
Commercial real estate

106 Pine Grove Dr Wilmington, NC 28403

0.55 ac lot
Property ID
US53-1576495
Property summary
AI-generated overview

This exceptional 0.55-acre commercial land parcel presents a unique investment opportunity in Wilmington, North Carolina. Located at 106 Pine Grove Drive, just one block from the high-traffic corridor of South College Road, this property boasts unparalleled accessibility and visibility. The strategic location offers easy connectivity to Oleander Drive and Kerr Avenue, ensuring high traffic flow and maximum exposure for any commercial venture. The property features a split zoning designation of RB (Residential Business) and O&I (Office & Institutional), providing remarkable flexibility for a wide range of development options. Existing infrastructure includes approximately 80% impervious surface paved with asphalt, and convenient access is provided via driveways on both Pine Grove Drive and Peachtree Avenue. The property's Assessed Parcel Number (APN) is 3137-60-9232.000. This versatile land is ideal for businesses seeking a high-visibility location with convenient access to major thoroughfares. The asking price for this prime commercial property is $750,000. This is a rare opportunity to acquire a strategically located parcel in a thriving Wilmington neighborhood. Don't miss out on this chance to maximize your investment potential in a high-demand area. The property is situated in New Hanover County, NC, zip code 28403.

Property profile
Verified
Property type Commercial real estate
Lot 0.55 ac (23,958 SF)
APN 3137-60-9232.000
UPID US53-1576495
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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CAP Approach CAP
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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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