710 Kerr AveWilmington, NC 28405

This exceptional 2.11-acre parcel is strategically located at the northeast intersection of North Kerr Avenue and New Centre Drive in Wilmington, North Carolina, offering significant development potential. Boasting a highly visible hard corner location, the property benefits from approximately 30,000 average daily traffic counts. The site's rectangular shape, with frontage on North Kerr Avenue and New Centre Drive, allows for versatile development options. Potential right-in/right-out access from North Kerr Avenue adds considerable value. Future North Carolina Department of Transportation plans include an overpass at the intersection of North Kerr Avenue and MLK Parkway, positioning this property advantageously as the last intersection before the on and off ramps. Currently zoned R-10-RESIDENTIAL DISTRICT, the property includes existing residential structures, though no value is assigned to these buildings. The site's unique configuration, bordered by three roads (New Centre Drive, North Kerr Avenue, and Marjoram Way), provides exceptional interconnectivity. This makes it suitable for various uses, including gas stations, convenience stores, or a shared-tenant development. A small strip center or office park would also be a viable option, though rezoning would be required. The land is priced at $2,400,000, with a land value of $26.11 per square foot. This prime location offers unparalleled access to the surrounding multifamily residential areas.