1916 16Th StWilmington, NC 28401

Property Details for 1916 16Th St

Lot size

0.50 AC

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

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.

Location Insight

City

Wilmington

County

New Hanover

State

North Carolina

Latitude

34.2128

Longitude

-77.9264

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