2501 Wrightsville Ave, Wilmington, NC 28403

Property Description

Position your next development along the Wrightsville Avenue corridor with ±0.77 acres (33,612 SF) of CS-zoned land offered at approximately $907K per acre. Much of the upfront due diligence has already been completed, including a survey, soil and infiltration testing, and a Brownfields Assessment Work Plan. The property is enrolled in the NC Brownfields Program with recorded land use restrictions in place, providing a framework for liability protection for new owners and potential eligibility for North Carolina's brownfields property tax incentive on redevelopment improvements. With key site questions already addressed, this property offers a more defined and de-risked path toward development in a desirable midtown location. The concept: an approximately 8,370 SF, four-story mixed-use building - ground-floor commercial with three residential levels above and approximately 38 parking spaces - designed for a renter-majority trade area minutes from Independence Mall, Forest Hills, and Wilmington's medical and employment centers. Midtown Wilmington continues to densify, and CS zoning supports a broad range of commercial and mixed-use outcomes beyond the concept shown. The seller is offering a $50,000 remediation credit with an acceptable offer, effectively pricing the environmental work into the deal. Full due diligence package - survey, soils, Brownfields documentation, and concept plan - available to qualified buyers. High-visibility frontage on one of midtown's most traveled corridors. Bring your site plan or build the one already envisioned. Full due diligence materials are available to qualified buyers.