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The first featured listing for the month of April is an opportunity for multifamily development. Situated strategically in New Hanover County at North Kerr Avenue and Martin Luther King Jr Highway is this prime 11.23 vacant multifamily site. Here are some more details.

Property Details

Spanning over 11.23 acres, this parcel stands as one of the finest undeveloped multifamily sites in the county. Indirect access from both North Kerr Avenue and New Centre Drive provides accessibility and appeal. Adjacent to recently constructed multifamily developments, the property provides growth and expansion. Its zoning, encompassing both city and county jurisdictions, allows for flexibility in development plans. Additionally, the sellers are open to cooperating with developer buyers to facilitate the entitlement process, making this opportunity even more enticing and smooth.

About the Area

This property is located centrally to Wilmington and in proximity to essential amenities, attractions and other businesses. With its location near Martin Luther King Jr Hwy, it offers convenient access to major roads such as Hwy 74, Hwy 17, Hwy 117, and I-40. The surrounding area is a blend of residential and commercial establishments, creating a dynamic community. Moreover, the presence of wetlands adds to the property’s natural charm, offering potential for environmentally conscious development initiatives.

This multifamily site offers a chance to tap into the city’s growing real estate market. With its prime location, flexible zoning, and cooperative sellers, this property holds immense promise for investors. See the listing for more info and contact our agent to discuss further.