504 4th St, Wilmington, NC 28401
This exceptional .09-acre commercial lot presents a remarkable development opportunity in Wilmington, North Carolina's vibrant Central Business District (CBD), also known as the Brooklyn Arts District. Located at 504 N 4th Street, this property (APN R04813-028-005-000) is zoned CBD, allowing for a diverse range of permitted uses, making it ideal for infill development projects. Its strategic location offers unparalleled access to a wealth of amenities, including a variety of shopping options, acclaimed restaurants, popular breweries, the bustling business district, and numerous entertainment venues. All are within comfortable walking distance, ensuring high visibility and convenient access for future tenants or occupants. The asking price for this exceptional property is $278,000. To facilitate a smooth transaction, the seller is open to considering seller financing options, making this an even more attractive proposition for prospective buyers. This is a rare chance to acquire a highly desirable lot in a thriving urban core. Don't miss this opportunity to build your vision in a prime Wilmington location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
CBD,CENTRAL BUS DIST · 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.