Wilmington, NC 28412
$1,294,000
Property Type:
Comm Sale or Lease
Square Footage:
928
Lot Size (sq. ft.):
111,514
Status:
Active
Current Price:
$1,294,000
List Date:
9/14/2026
Last Modified:
9/25/2026
Overview
Description
...
(Read more)
Exceptional Development Opportunity | Rezoning Approvals Nearly in Hand
This newly combined parcel presents a rare and exciting development opportunity in one of Wilmington's fastest-growing residential infill corridors. The site includes approximately 2.56 acres with approximately 100 feet of road frontage along Worth Drive, providing valuable access for utilities and vehicles to the rear acreage.
Rezoning approvals are nearly in hand, positioning this property for a planned residential development and significantly advancing the project beyond the typical early-stage planning process. The site is well suited for a thoughtfully designed townhome or cottage court community with the potential for up to 20 units, subject to final approvals and development requirements.
The surrounding area continues to experience substantial residential growth, with numerous new construction projects, including duplex and triplex communities, reinforcing the area's transition toward higher-density residential development.
An existing 2-bedroom, 1-bath home on the property is currently leased for $1,800 per month on a 12-month term, providing immediate income while final development plans move forward.
This is a unique opportunity to acquire a strategically located, development-ready parcel in a proven growth corridor with rezoning progress already substantially underway. Ideal for builders, developers, and investors seeking a residential infill project in the Wilmington market.
Listing Details MLS# 100581011
Contract Info
- Available Date
- 2026-06-11
- Delayed Marketing?
- No
- Marketing Start Date
- 2026-06-11
- Sub-Type
- Multi Family
- Garage
- N/A
- Sale/Lease
- Sale
- Listing Price
- 1294000
- List Price/SqFt
- 1394.4
- Stipulation of Sale
- Standard
Location Information
- County
- New Hanover
- State/Province
- NC
- Zip Code
- 28412
- City Limits
- Yes
- Marketing City
- Wilmington
- Subdivision
- Belmont
- Secondary Subdivision
- N/A
Remarks and Showing
- Directions to Property
- From downtown Wilmington, take Carolina Beach Rd. Turn right on to Shipyard Blvd, then left on to Worth Dr. Properties will be on right
- Sign on Property
- No
Building Info
- New Construction
- Yes
- Presale
- Yes
- Est. Complete Date
- 2028-06-01
BuildingExt Features
- SqFt - Heated (Primary)
- 928
Legal and Taxes
- Tax Assessed Value
- 513000
- Deed Book
- 6685
- Deed Page
- 2547
- Legal
- Worth Drive Tract
- Broker Owner
- No
- PID
- R06500-001-002-000
- Tax Identifier
- R06105-001-010-000
- Plat Book
- 74
- Plat Page
- 155-156
- Total Real Estate Property Taxes
- 1634.86
- Special Assessments
- no
- Tax Year
- 2025
- Year Built
- 2028
- Zoning
- R-15
- Cobra Zone
- No
More Information
Property Features
Business Type:
Commercial
HOA and Neigh Amenities:
No Amenities
Parking Features:
Gravel; Off Street
Possible Use:
Development; Multi-Family; Single Family
Location:
Residential
Heating System Fuel Source:
Natural Gas
IDX
Listing Office:
Town & Country Real Estate
Last Updated: September - 25 - 2026
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