Nestled within the UMX zone, this lot boasts a strategic location, just a brief stroll from the thriving Cargo District and the upcoming Midcastle mixed-use project. Envisioned to introduce 98 apartments and over 4,200 square feet of commercial space to the burgeoning corridor, Midcastle adds substantial value to the area. Additionally, the property is conveniently situated near the quaint Castle Street Antique District and offers easy access to city water and sewer connections, as well as alley access. With the versatile UMX zoning, the development possibilities are extensive, spanning from multi-family residences to breweries, artisanal food and beverage production facilities, homestay lodgings, whole-house accommodations, and group homes. Moreover, numerous other potential uses can be explored with the acquisition of a Special Use Permit, ensuring ample flexibility for future ventures.
Mls | 100391599 |
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Listing Type | For Sale |
Subtype | Resale |
Status | Active |
Days On Site | 530 |
Listing Provided By | Corcoran HM Properties | Scott H Ashcraft |
Zoning | UMX |
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Acreage | 0.10 |
State | NC |
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County | New Hanover |
City | Wilmington |
Zip Code | 28401 |
Area | New Hanover |
Community Name | Not In Subdivision |
School District | Hoggard |
Elementary School | Snipes |
Middle School | Williston |
High School | Hoggard |
Listing VS Median (in Not In Subdivision) | |
Price: $174,900 low | high Med: $275,000 On Site: 530 low | high Med: 13 |