Northside Downtown Wilmington Development Site

508, 510, 512, 516 McRae Street Wilmington, NC 28401

508, 510, 512, 516  McRae Street, Wilmington, NC, 28401
508, 510, 512, 516  McRae Street, Wilmington, NC, 28401 508, 510, 512, 516  McRae Street, Wilmington, NC, 28401 508, 510, 512, 516  McRae Street, Wilmington, NC, 28401 508, 510, 512, 516  McRae Street, Wilmington, NC, 28401 508, 510, 512, 516  McRae Street, Wilmington, NC, 28401 508, 510, 512, 516  McRae Street, Wilmington, NC, 28401
FOR SALE
Property Type:
Other Land
Amount:
$525,000
Last Verified:
Jan 20, 2024


Description

Northside Downtown Wilmington development site; currently consisting of 4 parcels, 508, 510, 512, and 516 McRae Street. This is one of the largest contiguous assemblages of property in the area and the only commercially zoned cluster within blocks. See attached zoning map. Property is surrounded by abundant residential rooftops and across the street from Hemenway Center Park. Develop individual lots or recombine parcels to suit your use needs. Community Business zoning allows for wide range of potential use including full commercial or mixed use. Inquire for more details. Purchase this property and be a key participant in the continuous revitalization of the one and only Downtown Wilmington.

Northside Downtown Wilmington development site

Lot Size: 0.55 acres


Documents

RE/MAX Brochure

Map of 508, 510, 512, 516 McRae Street, Wilmington, NC, 28401

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.