This month’s featured listing is over 840 acres of development in New Hanover County. The 841-acre track can be combined with two adjacent tracts totaling 1,226 +/- acres. This property has tremendous development potential due to its location in Wilmington.
This land is in a prime location in the heart of Wilmington. It is located just off the newly completed I-140 (Wilmington Bypass) and Sidbury Road. The property has a daily traffic count of 2,194. The Military Cutoff Extension leads into I-140 at an interchange just south of this tract. Future NCDOT plans for the Hampstead Bypass show the interchange at the southern border of the Gore Tract, heading north, bisecting the Gore Tract. These future road improvements will spark the much-anticipated development of what are the last remaining large land tracts within New Hanover County. As Wilmington continues to grow, so does this property’s value.
The property is currently accessed by a well-maintained dirt road system. While wetland delineations have not been completed, the track is believed to be largely upland. Likewise, it has substantial ditching to adequately shed and drain water. The lot consists of mostly loblolly pine plantations, with some hardwood.
Commercial land is a great investment opportunity, and many times it is like a blank canvas for you to create the perfect property. Wilmington is experiencing substantial growth in population; therefore, this land is sure to be highly profitable. Our agents will help you through this entire process and answer any questions you may have. Check out the property’s listing to learn more about this great opportunity to own land in Wilmington, North Carolina!