- For Sale $850,000
- Property Type VacantLand
- Property Size 63,162 SF
- Lot Size 1.45 Acre
- Date Updated Jan 16, 2025
This 1.45 Acres tract is zoned MD-17 (see link for City of Wilmington Land Development Code), which allows the construction of up to 25 units for sale or for lease. This property is a pad site with water, sewer, stormwater, parking, and sidewalks; access to be negotiated to the property pool. Property has the right to or not to participate in the HOA. This property is located off of Independence Blvd, just south of the new Harris Teeter at Carolina Beach Rd. and Independence Blvd. This Property has access to the Cross City Trail and is in proximity to the Point at Barclay, River Lights, Cameron Art Museum, and Independence Mall. This property is not on public transportation. Documents on hand to speed up the due diligence process are limited to: Title Documents, HOA. Buyer is responsible for a new wetlands evaluation if they intend to expand the building footprint or adjust the density. Asking Price is $34,000.00 per unit (25). Prior plans had called for a complimentary building with 18 units in it. Current buyers purchased the property in 2015 from a lender and have a special warranty deed on the asset. Property is ready to go for TRC approval on construction documents. We recommend all potential buyers confirm the higher potential density when they create a site plan/construction plan. Parking at 2 vehicles per unit would allow for 'by right' access to 36 spaces at the property.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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Walk Score ®
7/100
Car-Dependent
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Transit Score ®
14/100
Minimal Transit
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Bike Score ®
37/100
Somewhat Bikeable
- City Wilmington, NC
- Neighborhood Portwatch Industrial Park
- Zip Code 28412
- Market Wilmington
Points of Interest
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Circle K
0.92 miles
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Speedway
2.03 miles
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Shell
2.47 miles
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Murphy USA
2.64 miles
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BP
2.68 miles
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Mobil
3.21 miles
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Valero
3.89 miles
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Citgo
4.04 miles
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Tesla Supercharger
8.00 miles
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City of Wilmington 2nd Street Parking Deck
4.96 miles
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Kenan House parking lot
4.98 miles
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Lot K
5.10 miles
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Field Parking
5.17 miles
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Lot J
5.23 miles
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Lot A
5.28 miles
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Lot AA
5.28 miles
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Lot BB
5.30 miles
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Lot CC
5.33 miles
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Lot N
5.34 miles
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Value Place Wilmington
1.60 miles
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WoodSpring Suites Wilmington
1.61 miles
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Holiday Inn Express & Suites Wilmington West - Medical Park
2.19 miles
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Hampton Inn Wilmington Medical Park
2.42 miles
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Best Western Plus Wilmington/Carolina Beach
3.08 miles
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ARRIVE Wilmington
4.76 miles
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Hell's Kitchen
4.91 miles
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Riverview Suites Wilmington
4.99 miles
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Courtyard Wilmington Downtown/Historic District
5.07 miles
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Mill Creek Apartments
5.10 miles
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Smoke on the Water
0.97 miles
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KFC
1.79 miles
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McDonald's
1.80 miles
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Pizza Hut
2.37 miles
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Smithfields Chicken 'N Bar-B-Q
2.45 miles
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Zaxby's
2.51 miles
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Slice of Life Pizzeria & Pub
2.52 miles
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Taco Bell
2.52 miles
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Domino's
2.60 miles
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Wendy's
2.68 miles
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Codington Elementary School
1.04 miles
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Roe School
1.36 miles
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Mary C Williams Elementary School
2.07 miles
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Pine Valley Elemtary School
2.17 miles
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Cape Fear Academy
2.37 miles
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Sunset Park Junior High School
2.89 miles
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Sunset Park Elementary School
2.90 miles
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Alderman School
3.18 miles
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Alderman Elementary School
3.22 miles
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Lake Forest School
3.41 miles
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Kiddie Academy of Wilmington South Campus
2.44 miles
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Bellville Elementary School
4.74 miles
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Island Time Drop-n-Play
9.01 miles
Frequently Asked Questions
The space currently listed for sale at 225 Valencia Court asks for $850,000.
225 Valencia Court totals 1 square feet.
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