$2,400,000 $12,520 est/mo Sourced by Back At You

710 N Kerr Avenue,Wilmington, NC 28405

Wilmington NC, 28405

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Description

This 2.11 Acre hard corner is located at the North East Intersection of North Kerr Ave and New Centre Drive in Wilmington NC. With Traffic Counts +/- 30,000 ADT and potential Right In and Right Out access on to North Kerr from the site provides additional value! The NCDOT has plans (no date for delivery) to do an overpass at the intersection of N Kerr and MLK Parkway (see photos for design). So this property will be the last intersection prior to the on and off ramps. This site is rectangular in nature with the short side on North Kerr and the length along New Centre. Property has residential structures on site, no value placed on the structures. Property is boarded by three roads, New Center, N Kerr and Marjoram Way. These roads provide interconnectivity for this site in ways other hard corners cannot. Easy access to the multifamily in the area, the site lends its self well for gas/convenience stores, or two tenants sharing the site could work as well. Small Strip Center or Office Park as well would make excellent use of this location. Site would need to be rezoned. Currently zoned R-15.

Details

MLS#100427468
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site99
Listing Provided ByEastern Carolinas Commercial Real Estate | David D Branton

Features

ZoningR-10-RESIDENTI
Acreage2.11

Market Activity 28405

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Listings Checked: 2 minutes ago
StateNC
CountyNew Hanover
CityWilmington
Zip Code28405
AreaNew Hanover
Community NameNot In Subdivision
School DistrictNew Hanover
Elementary SchoolCollege Park
Middle SchoolTrask
High SchoolNew Hanover
Listing VS Median (in Not In Subdivision)
Price:
$2,400,000
low | high
Med:
$270,900
100% of Average
On Site:
99
low | high
Med:
26
100% of Average
Sourced by Back At You
Listing Updated: May 16, 2024 at 9:59:36 AM PDT