2929 Market St

2929 Market St, WilmingtonNC 28405

20,006 SF

Listing Details

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Listing ID

4.08 Acre Redevelopment Site

This 4.08 acre site is located on Highway 17 / Market Street in Wilmington, North Carolina. The Site is situated at the corner of Wayne Drive and Market Street.

Currently zoned O&I this site has a multitude of potential redevelopment opportunities or stay and operate the hotel.

Redevelopment opportunities include, Multi-family, Office, Townhome, Hospitality (Scrape and Replace), mini storage.

Please Check the LDC with the City of Wilmington for further development opportunities as well as the comprehensive plan.

Market Street as a corridor has seen a redevelopment and adaptive reuse of older hotels as they convert to Multifamily (Budgetel Inn and Motel 6, Days Inn, The Carolinian). One of the conversions is located immediately across the street where a purchaser is proposing a 158 unit Multifamily development.

This site is situated on a bus route, is close to major employment centers, entertainment, grocery, and educational centers. There are sidewalks along Market Street for Pedestrian traffic.

A mixed use development here would be ideal.

Space Details

Total Available
20,006 SF
Primary Use
Secondary Uses

Property Highlights

 Hospitality: Motel  
20,006 SF, 4.08 Acres
Occupancy Type
Single Tenant
Number of Buildings, Floors
4 , 1


Nicholas Silivanch

Eastern Carolinas Commercial Real Estate

John Hinnant, III

Eastern Carolinas Commercial Real Estate


Source: NCCMLS

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