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
Gas Oven, Built-In Gas Oven, Freezer, Refrigerator, Dishwasher
Building
Built in 1958, Construction materials: Wood Siding, Wood Frame, Levels: One, Living area units: Square Feet, 1 total story, Structure type: Wood Frame, Stick Built, Toal building area: 988
Cooling
Central Air, Heat Pump
Fence
None
Fireplaces
1 total fireplace
Heating
Heat Pump, Electric, Forced Air, Natural Gas
Interior Features
Furnished: Unfurnished, Pantry
Lot
0.77 acres, 33,541 sqft
Parking
1 carport space, Parking Pad
Pets Policy
Yes
Pool
None
Property
Frontage type: See Remarks, Patio and porch features: Deck, Screened, Glass Enclosed, Rear Porch, Side Porch, Zoning: R-5, None
Roof
Shingle
Taxes
Year: 2025
Utilities
Sewer Connected, Water Connected
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