601 S 17th St, Wilmington, NC 28401 For Sale

FOR SALE | PRIME URBAN MIXED-USE DEVELOPMENT OPPORTUNITY

601–607 S 17th Street, Wilmington, NC 28401

Offered at: $1,299,000.00

Positioned in the heart of one of Wilmington’s fastest-growing corridors, this rare assemblage presents a premier opportunity for developers, investors, and owner-users alike. Located along highly trafficked S 17th Street (±15,500 VPD), the property sits at the gateway to the thriving Cargo District and Castle Street corridor—an area rapidly transforming into a vibrant, walkable urban hub.

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Property Overview

601–607 S 17th Street (Combined Offering)

• Total Site Area: ±0.35 Acres

• Building 1: ±1,250 SF Commercial / Mechanical Workshop

• Building 2: ±1,691 SF Commercial / Office

• Zoning: UMX – Urban Mixed Use

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Existing Business Opportunity

The well-established Browning Tire & Auto has been family-owned and operated since 1978, offering tire sales, automotive repairs, inspections, and maintenance services. The business can be purchased in conjunction with the real estate, providing immediate cash flow or a transitional income stream during redevelopment planning.

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Why UMX Zoning is a Game-Changer

The UMX (Urban Mixed Use) District is among the most flexible and developer-friendly zoning designations in Wilmington, designed to promote density, walkability, and vertical integration of uses.

Key Development Advantages:

• No Density Cap (Vertical Mixed-Use): Maximize returns by building residential over retail or office

• Building Height Potential:

• Up to 45 ft by right (~4 stories)

• Potential for up to 75 ft with SUP or Development Agreement

• Minimal Setbacks: Build close to the street for true urban form

• Parking Flexibility: Rear or side placement encourages higher land efficiency

Strategic Insight:

This zoning allows developers to unlock maximum land value by stacking uses—ideal for multifamily, live-work, retail, or mixed-use projects. The lack of density restrictions (for vertical mixed-use) creates a significant upside rarely found in comparable markets.

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Location Highlights

Situated between midtown and downtown, this site benefits from immediate proximity to the rapidly expanding Cargo District and Castle Street Arts corridor:

• Over 70+ local businesses within walking distance

• Popular restaurants, breweries, coffee shops, and retail concepts nearby

• Strong arts, culture, and entrepreneurial ecosystem

• Close proximity to downtown Wilmington and major commuter routes

• Traffic Count: ±15,500 vehicles per day

Demographics (2024 Estimates):

• Population: 24,365

• Median Household Income: $52,482

• Median Age: 40.8

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Development Potential

This assemblage is ideally suited for:

• Mixed-Use Development (Retail + Apartments Above)

• Boutique Multifamily Project

• Live/Work Creative Spaces

• Retail Redevelopment or Adaptive Reuse

With UMX zoning, developers can pursue a high-density, walkable project aligned with the city’s vision for urban infill—making this a standout opportunity in a supply-constrained market.

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Investment Summary

• Rare ±0.35-acre assemblage in urban core

• Flexible UMX zoning with major upside

• Income-producing business optional

• Located in one of Wilmington’s fastest-growing districts

• Strong fundamentals for multifamily or mixed-use development

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“Business also available for purchase separately or in conjunction with the property.”

For more information or to schedule a tour, please reach out.