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412 Castle St 0.32 Acres of Commercial Land Offered at $1,151,040 CAD in Wilmington, NC 28401

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INVESTMENT HIGHLIGHTS

Located near signalized intersection.

Great location.

EXECUTIVE SUMMARY

Castle Street land located in Wilmington. Sellers will consider some seller financing

Wilmington, NC Code of Ordinances

survey

mineral oil & gas

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access	ANNUAL (CAD)	ANNUAL PER AC (CAD)
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

Taxes (CAD)
Annual	-
Annual Per AC	-

Operating Expenses (CAD)
Annual	-
Annual Per AC	-

Total Expenses (CAD)
Annual	$99,999
Annual Per AC	$9.99

PROPERTY FACTS

Price	$1,151,040 CAD	Property Subtype	Commercial
Sale Type	Owner User	Proposed Use	Commercial Multifamily
No. Lots	1	Total Lot Size	0.32 AC
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Residential R-3. Borders Urban Mixed Zone and could be a candidate for rezoning.

Price	$1,151,040 CAD
Sale Type	Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Multifamily
Total Lot Size	0.32 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-3 - Residential R-3. Borders Urban Mixed Zone and could be a candidate for rezoning.

1 LOT AVAILABLE

Lot

Price	$1,151,040 CAD	Lot Size	0.32 AC
Price Per AC	$3,597,000.04 CAD

Price	$1,151,040 CAD
Price Per AC	$3,597,000.04 CAD
Lot Size	0.32 AC

R-3 Zoned vacant lot. Residential, multifamily and possible rezoning. Cleared area

DESCRIPTION

Prime location on Castle Street consisting of 11,935 SF ( .319 acres) of vacant land zoned R-3. This zoning district is intended for high urban residential development of multi-units. Located in a central part of Wilmington with a concentration of commercial and residential in surrounding area. Originally was 3 separate parcels that were joined together.