17.64 +/- Acres in Porters Neck

7753 Alexander Rd, Wilmington, NC 28411

17.64 Acres
$9,000,000

Listing Details

List Price
$9,000,000
List Price Per SF
$11.71
List Price Per Acre
$510,204
List Date
7/01/2022
Listing ID
31675685

17.64 +/- Acres in Porters Neck

This property is located off of Alexander Road in the Porters Neck sub market of Wilmington.

Currently operating as a mobile home park, this property has provided years of stable rental income to the current ownership however given recent market trends this property is in prime position for a commercial redevelopment.

Property is situated just off of Market St/ US Hwy 17 which grants two points of stoplight access. The negating ingress/egress prompted by the forthcoming median and road widening project. Due to current use all utilities are accessible to the property.

High density residential/commercial redevelopment is the highest and best use for this property leading into the future as this asset is currently zoned R-15.

Space Details

Total Available
17.64 Acres
Primary Use
Land

Property Highlights

Type
 Land  
 Pending
Size
17.89 Acres
Zoning
R-15

Contact

Nicholas Silivanch

Eastern Carolinas Commercial Real Estate

David Branton

Eastern Carolinas Commercial Real Estate

Attachments

BROKER

Source: NCCMLS

©2024 Moody's Analytics, Inc. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Moody's Analytics, Inc. does not assume any liability for errors or omissions.

Commercial Exchange is a national commercial real estate marketplace powered by Catylist.