Wilmington NC Mixed-Use Development Land | Wrightsville Ave

Highlights:

• ±0.77 AC (33,612 SF) with ±150 ft of frontage on Wrightsville Ave
• CS (Commercial Service) zoning that supports commercial and mixed-use development
• NC Brownfields Program enrolled: new-owner liability protection and possible eligibility for the state tax incentive
• NCDEQ-approved mitigation plan in place, plus a $50,000 seller remediation credit
• Due diligence complete: survey, soil and infiltration testing, Brownfields Assessment Work Plan
• Concept plan: ±8,370 SF four-story mixed-use building with ~38 parking spaces (illustrative)
• FEMA Flood Zone X; ±25,900 residents and ±21,900 daytime employees within 1 mile

Description:

2501 Wrightsville Ave is a de-risked, defined development site on one of midtown Wilmington's most traveled corridors. It is not raw land. The ±0.77-acre (33,612 SF) parcel is zoned CS (Commercial Service) and has about 150 feet of frontage on Wrightsville Avenue, minutes from Independence Mall, Forest Hills, and Wilmington's medical and employment centers.

Most of the due diligence is already done. A survey, soil and infiltration testing, and a Brownfields Assessment Work Plan are complete, and land use restrictions are recorded. The site is enrolled in the NC Brownfields Program, which gives new owners liability protection and possible eligibility for the state's brownfields tax incentive. An NCDEQ-approved mitigation plan is in place, and NCDEQ inspects on completion. The seller is offering a $50,000 remediation credit with an acceptable offer.

A concept plan by Romero Architecture PLLC shows an approximately 8,370 SF, four-story mixed-use building, with ground-floor commercial, three residential levels above, and about 38 parking spaces. CS zoning supports a broad range of commercial and mixed-use outcomes. Under the recorded restrictions, residential use must be part of a mixed-use project with ground-floor commercial. The site is in FEMA Flood Zone X. Within one mile there are about 25,900 residents and 21,900 daytime employees. The full due diligence package is available to qualified buyers.

Information deemed reliable but not guaranteed. Buyer to verify zoning, permitted uses, land use restrictions, environmental status and flood zone. Brownfields terms subject to NCDEQ. Concept plan is illustrative and subject to City of Wilmington approvals.