For Sale
$4,570,000

112 College Rd Wilmington, NC 28405

4.53 acres, prime location, high visibility.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 4.53-acre commercial land parcel presents a compelling redevelopment opportunity in Wilmington, North Carolina. Strategically located on two of Wilmington's busiest roads, this property boasts over 1000 feet of prominent road frontage, ensuring high visibility and accessibility. Currently leased until May 31, 2025, with no extension options, this presents a blank canvas for future development. The site is zoned for Regional Business and Industrial uses (RB and IND), aligning with the city's future land use plan emphasizing employment, academic centers, and live/work innovation zones. Due diligence has been completed, with Phase I and Phase II environmental reports already available. This is a full assemblage, comprising four properties under single ownership, offering a cohesive and streamlined development process. The asking price is $4,570,000. This is a rare chance to acquire a significant commercial land holding in a thriving North Carolina market. The property's size, location, and zoning make it ideal for a variety of commercial ventures. The existing lease provides a short-term income stream while development plans are finalized.

Highlights

  • $4,570,000 asking price for 4.53 acres of commercial land.
  • Located at 112 N College Rd, Wilmington, NC 28405.
  • Regional Business and Industrial (RB/IND) zoning.
  • Lease expires 05/31/2025; 0.5 years remaining.
  • 1000+ feet of road frontage.
  • Phase I and II environmental reports completed.

Property Details for 112 College Rd

Property type
Land
Lot Size (sq. ft)
197,327 SF

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.249057100255
Longitude
-77.871231717869

FAQs

What type of property is this?
Land - 4.53 acres, prime location, high visibility.
Where is the land located?
The property is located at 112 College Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $4,570,000.
What are key features of this property?
This property features: $4,570,000 asking price for 4.53 acres of commercial land.; Located at 112 N College Rd, Wilmington, NC 28405.; Regional Business and Industrial (RB/IND) zoning.
How can I contact the broker?
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112 College Rd
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