2929 Market St, Wilmington, NC 28405
For Sale
1 / 2
This exceptional 4.005-acre commercial land parcel, located at 2929 Market Street in Wilmington, North Carolina, presents a compelling investment opportunity. Boasting 360 feet of high-visibility frontage on Market Street, this property enjoys exposure to over 25,000 vehicles daily, ensuring maximum brand visibility. Its prime location is just two miles from downtown Wilmington and directly adjacent to the desirable Forest Hills neighborhood. The site benefits from excellent transit access via WAVE Transit and proximity to the forthcoming Independence Boulevard Extension, promising enhanced connectivity and reduced traffic congestion. Furthermore, its location along Route 17 places it less than four miles from New Hanover County International Airport, offering convenient access for both employees and customers. Zoned O&I-1, this versatile property is ideally suited for a wide range of commercial developments, including hotels, restaurants, daycare centers, medical offices, or retail and mixed-use projects. The property's APN is 313817.00.0394.000 and is offered at an asking price of $4,500,000. This is a rare chance to acquire a strategically positioned site in a thriving Wilmington market, poised for significant growth and return on investment. The property's central location, high visibility, and flexible zoning make it an attractive proposition for developers seeking a high-impact commercial venture. Don't miss this chance to secure a prime piece of Wilmington real estate.
-
Azalea Inn & Suites Hotel & Motel
-
America's Best Inn Wilmington Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
O&I-1 · Wilmington, NCWilmington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.