Commercial: MLS #100512238 Wilmington, NC ^$ 2,800,000

Commercial: MLS #100512238

^$ 2,800,000

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Commercial: MLS #100512238

Name: address
Address: NC, 28409

Wilmington, NC, 28409

^$ 2,800,000

Bedrooms-- Baths-- Sq 1,302

Property for Rent in Wilmington, NC

for $2,800,000. This 1,302 square foot property was built in 2002 on a lot size of 4.36.

Turnkey 9-unit residential portfolio offered with roughly two additional contiguous acres of adjacent land in a prime infill location - total acreage of site is 4.36 ac. Fully leased and well-maintained, this stabilized income-producing asset presents both immediate cash flow and long-term upside. The property features a mix of unit types, some with garages, and sits within a strong rental submarket. The additional acreage offers excellent development potential for expansion, subdivision, or future redevelopment. A rare opportunity to acquire both rental income and infill land in a single package. Seller's are listing brokers and licensed NC Real Estate Brokers.

Rental Active

Price

^$ 2,800,000

Taxes

^$ 0

Style

Commercial Sale

Lot Size

4.36

Year Built

2002

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100512238

Features

General

Possession Close Of Escrow At Closing

Zoning R-15

Year Built 2002

Tax Year 2025

Current Use Vacant Residential

Parcel Number R06120-007-018-000

Gross Income 168000.0

Business Type Other

County New Hanover

New Construction N

Property Type Commercial Sale

In City Limits? (Y/N) Y

HOA N

Attached Garage N

Subdivision Name Not In Subdivision

Garage Y/N N

Status Active

Directions Pine Grove to Beasley Rd. on right

City Wilmington

Lot Size Units Acres

Lot Size Square Feet 189921.0

Carport Y/N N

Property Attached Y/N N

Land Lease Y/N N

Showing Instructions Tenant occupied. Contact listing agent for showing information.

Home Warranty Y/N N

Lease Considered Y/N N

Availability Date 2025-05-29

Lease Type See Remarks

Standard Status Active

Tax Assessed Value 437200

Legal Description LT 1 2 3 4 CHARITY MCLAURIN LANDS. LOT 9 Castlewood. LOT 10 & TR A CASTLEWOOD

Exterior

Lot Size Area 4.36

Spa N

Building Area Total 1302

Lot Dimensions irregular

Lot Size Acres 4.36

Waterfront Y/N N

Crops Included Y/N N

Horse Y/N N

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Total Baths 0

Internal Only

Street Number 1 400

* Excluded Features

List By

Jarrod Covington

Listing Agent

Cadence Realty Corporation

Broker

jarrod@cadencerealty.com

Nearby

Trends
Schools

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3960720 Elementary School

3960847 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/7/2025	$2,800,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Commercial: MLS #100512238

Property for Rent in Wilmington, NC

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