Property
Wilmington, NC 28401 1221 Castle Street
$375,000
Presented By: Coastal Properties
- MLS# 100455227
- 07/11/2024
Home Details
Ready to build .15 acre corner lot on castle street is just one block from the new 98 Apartment 4,200 SF retail complex Midcastle. The property is zoned UMX which allows for high density mixed use. The current owner intended a 16 unit apartment building with a 900 SF retail space. The lot is located between the rapidly developing Cargo District and Castle street's busy retail and residential district. Opportunity zone tax benefits are available for the developers of this parcel.
Presented By: Coastal Properties
General for 1221 Castle Street
CityWilmington
City LimitsYes
Cobra ZoneNo
CountyNew Hanover
Days on Market140
Geo Lat34.22928
Geo Lon-77.932173
Listing Member NameJohn C Horton
Location TypeMainland
Lot Sqft6534.00
Middle SchoolWilliston
Property TypeB
Secondary SubdivisionN/A
Special AssessmentsNone
StatusActive
Stipulation of SaleNone
Sub-Type5+ Multi-Family
SubdivisionNot In Subdivision
Tax Assessed Value57100.00
Tax Year2023
Terms1031 Exchange, Cash
TopographyCleared, Undeveloped
WaterviewNo
ZoningUMX
current useVacant
Exterior for 1221 Castle Street
Acres0.15
Buildings on PropertyNone
Environmental HazardUnknown
Fuel TankNone
List Price/Acre2500000.00
MLS Identifier20150918160742258811000000
Road Type/FrontagePublic (City/Cty/St)
Soil EvaluationSoil Evaluation - No
Total Road Frontage66
WaterfrontNo
Additional Details
Price History
Schools
Elementary School
N/A
High School
N/A
Middle School
Williston Middle School
Brian Inskip
North Carolina Coastal Real Estate Expert