2929 Market Street Wilmington, NC 28403
Property profile & analytics
2929 Market Street Wilmington, NC 28403
- Hotels
- 5,106 SF
- 4.01 lot acres
Property ID
US53-0950826
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Azalea Inn & Suites / Hotel & Motel
- America's Best Inn Wilmington / Hotel & Motel
Property Details for 2929 Market Street
- Year built
- 1963
- Construction
- STEEL & CONCRETE
- Lot size
- 4.01 lot acres
- Property size
- 5,106 SF
- Zone code
- O&I-1
- Property type
- Hotels
- APN
- R04913-019-001-000
- APU
- R04913019001000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,015,000
- ML approach
- $1,115,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $870,000
- 6.5%
- $805,000
- 7%
- $745,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.9079
- Latitude
- 34.2405
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$0.00
$608,600
$410,300
$1,018,900
-
$608,600
$410,300
$1,018,900
