3925 Carolina Bch Rd Wilmington, NC 28412-7216
- Mobile home & RV parks
- 2.23 lot acres
Jan 26, 2021
Current Use by Public Records
- ImUnique Boutique / Boutique
Property Details for 3925 Carolina Bch Rd
- Lot size
- 2.23 lot acres
- Zone code
- R-15,RESIDENTIAL DISTRICT
- Property type
- Mobile home & RV parks
- APN
- R06500-003-025-000
- APU
- R06500003025000
Description
This exceptional 2.23-acre parcel at 3925 Carolina Beach Rd, Wilmington, NC 28412, presents a compelling investment opportunity. Currently operating as a mobile home park, this property is ideally positioned for redevelopment as a multi-family Planned Unit Development (PUD). Located in the rapidly growing Carolina Beach Road corridor, just south of Independence Boulevard, the site offers significant potential. With the current MF-17 zoning, plans allow for up to 37 residential units. However, rezoning to MD-17 could increase density to 80 units, contingent upon designating at least 10% of the units as workforce housing. The property's strategic location is further enhanced by its proximity to Breezewood Condominiums (zoned MD-17) and a neighboring 225-unit residential development undergoing rezoning to MD-17. The seller will facilitate a conditional rezoning application during a due diligence period. This prime location and development potential make this a rare opportunity for investors seeking high-return multi-family projects in a thriving market. Please note that the property is currently occupied, and tenants should not be disturbed. The asking price for this exceptional property is $1,850,000.
Value Estimation
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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
- -77.9225
- Latitude
- 34.1729
- CBSA code
- 48900
- CBSA name
- WILMINGTON, NC METROPOLITAN STATISTICAL AREA
