For Sale
$400,000

1916 16Th StWilmington, NC 28401

Prime Drive-Thru Location, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 0.5-acre commercial property, located at 1916 S 16th St in Wilmington, North Carolina (APN: R05419-008-001-000), presents a lucrative investment opportunity. Priced at $400,000, this represents a land value of $800,000 per acre. The property boasts a highly desirable location on the signalized corner of S. 16th Street and Robinhood Road, offering unparalleled visibility and accessibility. Situated less than a quarter-mile from New Hanover Regional Medical Center, this site benefits from significant daily traffic counts averaging 24,000 vehicles on 16th Street. Zoned O&I, the property is ideally suited for a variety of uses, including restaurants with drive-thrus, drug stores, or office spaces. The vacant land provides ample space for development, making this a prime opportunity for investors seeking a high-traffic, strategically located commercial property in a thriving Wilmington neighborhood. The property's zoning and location combine to create a strong foundation for a successful commercial venture. This is a rare opportunity to acquire a well-positioned parcel in a high-demand area of Wilmington, NC. The property's proximity to a major medical center further enhances its appeal and potential for strong returns.

Highlights

  • 0.5-acre commercial lot in Wilmington, NC, priced at $400,000.
  • High-traffic corner location at S. 16th St & Robinhood Rd, offering excellent visibility.
  • Less than 0.25 miles from New Hanover Regional Medical Center, with 24,000+ daily vehicles on 16th St.
  • O&I zoning allows for various uses, including restaurants with drive-thrus, drug stores, and office spaces.
  • Vacant land ideal for development, presenting a strong investment opportunity in a high-demand area.

Property Details for 1916 16Th St

Property type
Hospitality properties
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Wilmington
County
New Hanover
State
North Carolina
Latitude
34.2128281
Longitude
-77.9264311
1916 16Th St, 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].
1916 16Th St
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