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2929 Market St - 120-Unit Multifamily Development Site Lot • Terrain commercial • 4,02 Acres • 6 254 955 $ CAD • Wilmington, NC 28403
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Faits saillants de l'investissement
- 120 Units Approved for Multifamily Development
- 93–100% Projected Absorption Within 3–4 Months
- ±364' Market Street Frontage | 25K+ VPD
- 48 One-Bed, 40 Two-Bed & 32 Three-Bed Units
- No Environmental Concerns Identified
- 2 Miles to Downtown Wilmington | Near Airport
Résumé de l'annonce
2929 Market Street is a 4.08-acre site rezoned and approved for 120 multifamily units, two miles from downtown Wilmington. In September 2025, Wilmington City Council rezoned the 4.08-acre parcel from O&I to MD-17(CD), High-Density Multiple Dwelling Conditional District, approving a 120-unit, four-story residential development (Ordinance CD-2-825). The zoning approval runs with the land — the next owner steps into an approved density that took a full public rezoning process to secure, with Technical Review Committee (TRC) site plan approval and permits as the remaining steps.
The offering includes a substantial third-party diligence package assembled for the prior development effort, including a 2025 Phase I ESA, geotechnical report, preliminary ALTA/NSPS survey, LIHTC/TEB market study prepared for NCHFA, as-surveyed legal description, and signed rezoning ordinance. These materials may reduce a buyer's initial diligence time and cost, subject to independent verification, report updates, and reliance rights.
The offering includes a substantial third-party diligence package assembled for the prior development effort, including a 2025 Phase I ESA, geotechnical report, preliminary ALTA/NSPS survey, LIHTC/TEB market study prepared for NCHFA, as-surveyed legal description, and signed rezoning ordinance. These materials may reduce a buyer's initial diligence time and cost, subject to independent verification, report updates, and reliance rights.
Faits sur la propriété
| Prix | 6 254 955 $ CAD | Sous-type de propriété | Terrain commercial |
| Type de vente | Investissement | Utilisation proposée | Commercial |
| Nombre de lots | 1 | Taille totale du lot | 4,02 AC |
| Type de propriété | Terrain | ||
| Zonage | MD-17(CD) | ||
| Prix | 6 254 955 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Commercial |
| Taille totale du lot | 4,02 AC |
| Zonage | MD-17(CD) |
1 Lot disponible
Lot
| Prix | 6 254 955 $ CAD | Taille du lot | 4,02 AC |
| Prix par AC | 1 555 958,92 $ CAD |
| Prix | 6 254 955 $ CAD |
| Prix par AC | 1 555 958,92 $ CAD |
| Taille du lot | 4,02 AC |
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
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2929 Market St - 120-Unit Multifamily Development Site
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