For Sale
$1,230,000

209 Wooddale DrWilmington, NC 28403

Three-unit portfolio, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of three properties totaling approximately 1.4 acres of land and 3,760 square feet of building space in Wilmington, North Carolina. Strategically located on Wrightsville Avenue and Wood Dale Drive, this unique assembly offers significant development potential. The portfolio comprises two parcels with existing buildings zoned Community Business (CB) and a third parcel zoned R-15. The CB zoning allows for a wide variety of uses, enhancing the flexibility for future development plans. The two CB-zoned properties, located at 5011 Wrightsville Avenue and 209 Wood Dale Drive, share a common boundary line, creating a cohesive and easily managed investment. The existing structures provide immediate income potential or the opportunity for renovation and repositioning. The R-15 zoned property adds to the overall development potential, allowing for a range of residential or mixed-use possibilities. This is a rare opportunity to acquire a well-positioned multifamily portfolio with substantial upside potential in a growing market. The asking price is $1,230,000. The property is currently vacant, offering a blank canvas for the discerning investor. This is a Class D property with three units.

Highlights

  • Three-property portfolio totaling 3,760 square feet on ~1.4 acres in Wilmington, NC.
  • Strategically located on Wrightsville Avenue and Wood Dale Drive, offering significant development potential.
  • Two parcels zoned Community Business (CB) with existing buildings, one R-15 zoned parcel.
  • Existing structures provide immediate income potential or renovation/repositioning opportunities.
  • $1,230,000 asking price; currently vacant; Class D property with three units.

Property Details for 209 Wooddale Dr

Property type
Residential income homes
Class
D
Units
3

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.2135551
Longitude
-77.87321
209 Wooddale Dr, Wilmington, North Carolina

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
209 Wooddale Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message