Property
Wilmington, NC 28401 1312 Castle Street # 1 and 2
$174,900
2 more
Presented By: Corcoran HM Properties
Home Details
Nestled within the UMX zone, this lot boasts a strategic location, just a brief stroll from the thriving Cargo District and the upcoming Midcastle mixed-use project. Envisioned to introduce 98 apartments and over 4,200 square feet of commercial space to the burgeoning corridor, Midcastle adds substantial value to the area. Additionally, the property is conveniently situated near the quaint Castle Street Antique District and offers easy access to city water and sewer connections, as well as alley access. With the versatile UMX zoning, the development possibilities are extensive, spanning from multi-family residences to breweries, artisanal food and beverage production facilities, homestay lodgings, whole-house accommodations, and group homes. Moreover, numerous other potential uses can be explored with the acquisition of a Special Use Permit, ensuring ample flexibility for future ventures.
Presented By: Corcoran HM Properties
General for 1312 Castle Street # 1 and 2
AuctionNo
CityWilmington
City LimitsYes
Cobra ZoneYes
CountyNew Hanover
Days on Market518
Geo Lat34.2289
Geo Lon-77.931047
HOA and Neigh AmenitiesNo Amenities
Listing Member NameScott H Ashcraft
Location TypeMainland
Lot Sqft4443.00
PossessionAt Closing
Property TypeB
Secondary SubdivisionN/A
Special AssessmentsNone
StatusActive
Stipulation of SaleNone
Sub-TypeMixed Use
SubdivisionNot In Subdivision
Tax Assessed Value54000.00
Tax Year2022
TermsCash, Conventional
TopographyCleared
UtilitiesCable Available, Sewer Tap Available, Natural Gas Available, Municipal Water Available, Municipal Sewer Available, Electricity Available
WaterviewNo
ZoningUMX
current useVacant
Exterior for 1312 Castle Street # 1 and 2
Acres0.10
Acres - Cleared0.10
Buildings on PropertyNone
Environmental HazardNo
FencingSee Remarks
Fuel TankNone
List Price/Acre1749000.00
Lot1 and 2
Lot DescriptionOpen, Urban
Lot Dimensions41 x 110
Lot Water FeatureNone
MLS Identifier20150918160742258811000000
Road Type/FrontagePaved, Public (City/Cty/St)
Soil EvaluationSoil Evaluation - No
Total Road Frontage41
WaterfrontNo
Additional Details
Price History
Brian Inskip
North Carolina Coastal Real Estate Expert