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Property profile

7403 Plantation Rd Wilmington, NC 28411

OFF-MARKET
Land
Property ID
US53-2087522
9.8 ac lot
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Property summary

AI-generated overview

This exceptional 9.8-acre commercial land parcel presents a unique investment opportunity in Wilmington, North Carolina. Located at 7403 Plantation Rd, in New Hanover County (zip code 28411), this property boasts significant development potential. Currently zoned R-15, its highest and best use is projected to be commercial development, driven by planned infrastructure improvements and convenient access. The North Carolina Department of Transportation (NCDOT) has plans for a substantial expansion of Plantation Road, connecting Murrayville Road and Market Street, enhancing accessibility. The Military Cutoff Extension already provides a service road connection to Plantation Road, situated just west of this site. Further supporting commercial development, the New Hanover County Comprehensive Plan designates this property as a Community Mixed Use area. The land is currently wooded and includes an existing residential structure, though no value is assigned to the existing buildings. Utilities are provided by a well and septic system. The asking price for this remarkable property is $2,100,000. The APN is R02800-004-010-000. This is a rare chance to acquire a large tract of land poised for significant growth in a rapidly developing area. Don't miss this opportunity to capitalize on the future of Wilmington's commercial landscape.

Property profile

Verified
Property type Land
Lot 9.8 ac (426,888 SF)
UPID US53-2087522

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7403 Plantation Rd Wilmington, NC 28411
Wilmington metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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