7403 Plantation Rd Wilmington, NC 28411
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.