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    4.08 Acre Redevelopment Site

    2929 Market St, Wilmington, NC 28403

    Property Type: Multifamily

    Property Size:

    Property Description

    This 4.08 acre site is located on Highway 17 / Market Street in Wilmington, North Carolina. The Site is situated at the corner of Wayne Drive and Market Street.

    Currently zoned O&I this site has a multitude of potential redevelopment opportunities or stay and operate the hotel.

    Redevelopment opportunities include, Multi-family, Office, Townhome, Hospitality (Scrape and Replace), mini storage.

    Please Check the LDC with the City of Wilmington for further development opportunities as well as the comprehensive plan.

    Market Street as a corridor has seen a redevelopment and adaptive reuse of older hotels as they convert to Multifamily (Budgetel Inn and Motel 6, Days Inn, The Carolinian). One of the conversions is located immediately across the street where a purchaser is proposing a 158 unit Multifamily development.

    This site is situated on a bus route, is close to major employment centers, entertainment, grocery, and educational centers. There are sidewalks along Market Street for Pedestrian traffic.

    A mixed use development here would be ideal.

    Click HERE for more information.

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    2929 Market St, Wilmington, NC 28403