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 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.
| MLS # | 100580995 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 89 |
| Listing Provided By | Town & Country Real Estate | Daniel J Boyle |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 988 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | R-5 |
| Acreage | 0.77 |
| Property View | See Remarks |
| Interior Features | Pantry |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Heat Pump |
| Fireplaces Total | 1 |
| Fireplace Yes / No | Yes |
| Furnished | Unfurnished |
| Rooms Total | 5 |
| Roof | Shingle |
|---|---|
| Foundation Details | Crawl Space |
| View | See Remarks |
| Construction Materials | Wood Siding, Wood Frame |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Parking Pad |
| Utilities | Sewer Connected, Water Connected |
|---|
| Tax Assessed Value | 277800 |
|---|---|
| Tax Book Number | 0 |
| Tax Legal Description | Lots 34-35 Belmont |
| Tax Year | 2025 |
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28412 |
| Community Name | Belmont |
| School District | New Hanover |
| Elementary School | Sunset |
| High School | New Hanover |
| Listing VS Median (in Belmont) | |
Price: $1,299,000 low | high Med: $419,950 sqft: 988 low | high Med: 1,883 $ / sqft: $1,315 low | high Med: $223 On site: 89 low | high Med: 105 | |
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28412 |
| Community Name | Belmont |
| School District | New Hanover |
| Elementary School | Sunset |
| High School | New Hanover |
| Listing VS Median (in Belmont) | |
Price: $1,299,000 low | high Med: $419,950 sqft: 988 low | high Med: 1,883 $ / sqft: $1,315 low | high Med: $223 On site: 89 low | high Med: 105 | |