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$2,400,000
2.11± Acres
Active
New Hanover County, NC

710 Kerr, Wilmington, North Carolina

MLS ID: 100427468
Status: Active
Price: $2,400,000
Acres: 2.11±
Type: Land
Address: 710 Kerr
City, State: Wilmington, NC
County: New Hanover County
ZIP Code: 28405
Parcel Number: 313815.54.9100.000

Description

This 2.11 Acre hard corner is located at the North East Intersection of North Kerr Ave and New Centre Drive in Wilmington NC. With Traffic Counts +/- 30,000 ADT and potential Right In and Right Out access on to North Kerr from the site provides additional value! The NCDOT has plans (no date for delivery) to do an overpass at the intersection of N Kerr and MLK Parkway (see photos for design). So this property will be the last intersection prior to the on and off ramps.

This site is rectangular in nature with the short side on North Kerr and the length along New Centre. Property has residential structures on site, no value placed on the structures.

Property is boarded by three roads, New Center, N Kerr and Marjoram Way. These roads provide interconnectivity for this site in ways other hard corners cannot. Easy access to the multifamily in the area, the site lends its self well for gas/convenience stores, or two tenants sharing the site could work as well. Small Strip Center or Office Park as well would make excellent use of this location.

Site would need to be rezoned. Currently zoned R-15.

Directions: Head toward Wilmington. Turn onto US-74 W / Martin Luther King Jr Pkwy toward Downtown / Wilmington / US-74 West. Turn left onto N Kerr Ave. Turn left onto New Centre Dr. Arrive at 710 N Kerr Ave.

Additional Information

Exterior

Lot Features: Corner Lot, Wooded
Lot Size Area: 2
Lot Size Square Feet: 91,912
Road Frontage Type: Maintained
Road Surface Type: Paved

Financial/HOA/Schools

Association (Yes/no): Yes
Association Amenities: No Amenities
Days On Market: 49
Elementary School: College Park
Middle School: Trask
High School: New Hanover
Subdivision Name: Not In Subdivision
Zoning: R-10-RESIDENTI
Doug Moore

Doug Moore

Lillington, North Carolina

(919) 291-6390

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Listed By: David Branton of Eastern Carolinas Commercial Real Estate