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    OFF-MARKET
    Commercial real estate

    945 Medical Center Dr, Wilmington, NC 28401

    1.77 ac lot
    Entity Owned 1-yr Hold
    Property ID
    US53-4848211
    Property summary
    AI-generated overview

    This exceptional 1.77-acre commercial land parcel in Wilmington, NC, presents a compelling investment opportunity. Located at 945 Medical Center Dr, in New Hanover County (zip code 28401), this property is zoned O&I (Office and Institutional), offering a wide range of development possibilities. The asking price is $1,200,000, translating to $15.56 per square foot. Its strategic location offers easy access to major thoroughfares, including proximity to 17th Street and the Novant New Hanover Regional Medical Center campus. Medical Center Drive dead-ends into the hospital just 0.75 miles north, while the intersection with Carolina Beach Road is only 0.34 miles south, ensuring excellent visibility and accessibility. The site benefits from existing stormwater and utility infrastructure. Neighboring properties include a Holiday Inn Express, Delaney Radiology, and The Healing Place, highlighting the area's established commercial and medical presence. Permitted uses under the O&I zoning include hospitality, medical office, and general office spaces, with apartment development also feasible through the CDMU process. The City of Wilmington's new Land Development Code will govern any site plan. A survey is available for review. Interested parties are encouraged to contact the City of Wilmington's Zoning Department for further details regarding development regulations. The property's APN is R06018-003-060-000.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 1.77 ac (77,101 SF)
    APN R06018-003-060-000
    UPID US53-4848211
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Coastal Horizons Center INC · 1 yrs held
    Coastal Horizons Center INC
    since 2024
    1 recorded transaction
    2024
    $1.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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