Prime 2.56 Acre Multi-Parcel Assemblage
Rare Opportunity: Combined ~2.56 Acre Multi-Parcel Tract in Wilmington, NC
Marketing description
PACKAGE SALE: This listing must be purchased with 2830 Worth Dr and price reflects both properties combined.
Presenting a rare multi-parcel assemblage totaling ±2.56 acres of contiguous land in a high-demand area. This strategic package offers a significant footprint for a variety of “Highest and Best Use” scenarios, ranging from a private multi-structure estate to a potential residential subdivision or multi-unit development (subject to local zoning and approvals).
The property currently functions as a "covered land play," featuring a 2BR/1BA residence at 2830 Worth Dr with a tenant in place on a 12-month lease at $1,800/month. This established cash flow provides the ideal opportunity for an investor or developer to offset holding costs during the planning and permitting phase.
Investment highlights
- Combined Acreage: ±2.56 acres of contiguous land
- Flexibility: Large size provides ample room for expansion, additional structures, or a multi-unit development play
- Prime Location: Situated in a transitioning corridor with easy access to historic downtown, hospital, area beaches
- Investment Value: By securing both parcels, the buyer gains control of a significant land bank that is increasingly difficult to find in this area in this market
- Immediate Cash Flow: Existing 2BR/1BA residence is currently tenant-occupied on a 12-month lease at $1,800/month, providing steady income to offset holding costs during the entitlement and permitting phase.
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