Exceptional Development Opportunity Rezoning Approvals Nearly in Hand This newly combined parcel presents a rare and exciting development opportunity in one of Wilmington's fastest-growing residential infill corridors. The site includes approximately 2.56 acres with approximately 100 feet of road frontage along Worth Drive, providing valuable access for… Read More utilities and vehicles to the rear acreage. Rezoning approvals are nearly in hand, positioning this property for a planned residential development and significantly advancing the project beyond the typical early-stage planning process. The site is well suited for a thoughtfully designed townhome or cottage court community with the potential for up to 20 units, subject to final approvals and development requirements. The surrounding area continues to experience substantial residential growth, with numerous new construction projects, including duplex and triplex communities, reinforcing the area's transition toward higher-density residential development. An existing 2-bedroom, 1-bath home on the property is currently leased for $1,800 per month on a 12-month term, providing immediate income while final development plans move forward. This is a unique opportunity to acquire a strategically located, development-ready parcel in a proven growth corridor with rezoning progress already substantially underway. Ideal for builders, developers, and investors seeking a residential infill project in the Wilmington market. Read Less
Courtesy of Daniel J Boyle, Town & Country Real Estate
Listing Snapshot
Days Online
129
Last Updated
Property Type
Multi Family
Square Ft.
928
Lot Size
2.56 Acres
Year Built
2028
MLS Number
100581011
Additional Details
Property Access
Road frontage type: City Street, State Road, Paved, Road surface type: Paved
Building
Built in 2028, Toal building area: 928
Heating
Natural Gas
Home Owner's Association
Association amenities: None
Lot
2.56 acres, 111,514 sqft, See Remarks
Parking
Gravel, Off Street
Property
Zoning: R-15
Taxes
Year: 2025
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