1551 Point Harbor Rd - Multifamily Site
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1551 Point Harbor Rd - Multifamily Site
14 Acres of Commercial Land Offered at $8,421,057 CAD in Wilmington, NC 28408
Investment Highlights
- Large Riverfront Tract
- Across from Downtown Wilmington
Executive Summary
Located on the Cape Fear River in Wilmington, NC, the Subject consists of over 29 acres that contains over 1,200 feet of waterfront. The site benefits from tremendous views of downtown Wilmington along with exceptional accessibility and visibility from the Isabella Holmes Bridge and US Hwy 421.
Of note, there has been over $300 million invested in new development in Downtown Wilmington since 2014, to include several new hotels, apartment complexes and other commercial projects. In addition, the City of Wilmington is planning for North Waterfront Park, which will be located directly across the river from the Subject and is expected to open Spring 2021.
Of note, there has been over $300 million invested in new development in Downtown Wilmington since 2014, to include several new hotels, apartment complexes and other commercial projects. In addition, the City of Wilmington is planning for North Waterfront Park, which will be located directly across the river from the Subject and is expected to open Spring 2021.
Property Facts
| Price | $8,421,057 CAD | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 14.00 AC |
| Property Type | Land |
| Price | $8,421,057 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 14.00 AC |
1 Lot Available
Lot
| Price | $8,421,057 CAD | Lot Size | 14.00 AC |
| Price Per AC | $601,504 CAD |
| Price | $8,421,057 CAD |
| Price Per AC | $601,504 CAD |
| Lot Size | 14.00 AC |
PROPERTY TAXES
| Parcel Number | R04700-003-001-000 | Improvements Assessment | $4,028,383 CAD |
| Land Assessment | $709,550 CAD | Total Assessment | $4,737,933 CAD |
PROPERTY TAXES
Parcel Number
R04700-003-001-000
Land Assessment
$709,550 CAD
Improvements Assessment
$4,028,383 CAD
Total Assessment
$4,737,933 CAD
zoning
| Zoning Code | RF-MU |
| RF-MU |
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Power Broker Paul Loukas -
Power Broker Bryce Morrison -
Cape Fear Commercial
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1551 Point Harbor Rd - Multifamily Site
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