504 N 4th Street, Wilmington, NC 28401

$289,000
List Price
$289,000
Status
PENDING WITH SHOWINGS
MLS#
100223292
Days on Market
18
Acres
0.09
Neighborhood
Downtown

Property Description

Very rare Central Business District downtown parcel available. CBD zoning is very favorable! Height is 60 feet by right and 70 max with public benefit. CBD allows you to maximize number of units by building vertical. Could get many apartments or condo units on this CBD lot. Almost all uses permitted in CBD. Fantastic location in the middle of everything! Just a couple doors down from Edward Teach Brewery, the Brooklyn Arts Center & Fly Trap Brewing. Surrounded by many great residential building and businesses. Unlimited uses possible such as: a mix of commercial downstairs and residential or office on upper floors, a multiple unit Airbnb property, boutique hotel, restaurant with rooftop space, event center, condos, town homes, apartments, brewery, mixed used building, and many other commercial uses. A proposed plan included a commercial unit downstairs with upper floors consisting of 10 residential units, and a 2800 SQFT penthouse with a rooftop deck! The views would be amazing! Build exactly what you want! Instead renovating an old building. The parcel has ingress/egress from two different streets. This give access to back of the property and allows for rear load garages and parking. This parcel has been fully surveyed and ready to go! Also a quick walk to the new amphitheater / park, PPD, the Riverwalk, Wilson Center Cape Fear and all the great restaurants / amenities downtown. *Parcel currently used as paid parking lot so it's will generate revenue while you are designing your new building. Very hard to find a good CBD parcel in great location at this price! We expect significant interest in the property. The property is ready go! Own a great property in the North 4th Brooklyn District! Call for more details.

Additional Information

Elementary School
Snipes
Middle School
Williston
High School
New Hanover

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Homes For Sale In Wilmington, Inc..

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