Property Description

Exceptional Development Opportunity | Rezoning Approvals Nearly in HandThis 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.

Property Features

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