Multifamily Infill Development Opportunity – 17.64 +/- Acres

This property is located off of Alexander Road in the Porters Neck sub market of Wilmington.

Currently operating as a mobile home park, this property has provided years of stable rental income to the current ownership however given recent market trends this property is in prime position for a commercial redevelopment.

Property is situated just off of Market St/ US Hwy 17 which grants two points of stoplight access. The negating ingress/egress prompted by the forthcoming median and road widening project. Due to current use all utilities are accessible to the property.

High density residential/commercial redevelopment is the highest and best use for this property leading into the future as this asset is currently zoned R-15.

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