906 S 8th Street, Wilmington, NC 28401

$525,000
List Price
$525,000
Status
ACTIVE
MLS#
100292679
Days on Market
17
Acres
0.3
Neighborhood
Not In Subdivision

Property Description

This .3 Acre lot, located at the hard corner of Dawson and S 8th Street is prime for Multifamily / Mixed Use development along with a host of other Commercial uses by right. Zoned UMX for maximum density and minimum setbacks, this lot is cleared, flat and accessed to CFPUA water and sewer. Additionally it is in a federally designated ''Opportunity Zone'' which provides tax incentives for qualified investors to re-invest unrealized capital gains into low-income communities throughout the state.Preliminary assessment indicates highest and best use is either 18-24 condos/apartments or seven townhomes. The combination of flexible zoning, proximity to Historic Downtown and federal tax incentives makes this a unique development opportunity. Sale is for 718 Dawson St R05409-037-020-000 and 906 SOUTH 8TH R05409-037-019-000

Additional Information

Exterior Features
Corner Lot, Development, See Remarks, Urban
Elementary School
Forest Hills
Middle School
Myrtle Grove
High School
Hoggard

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Century 21 Sweyer & Associates - Downtown.

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