23rd Street Business Park

Investment opportunity: three undeveloped parcels totaling ±87.07 acres located off N 23rd Street in northern Wilmington, North Carolina.

The subject is positioned adjacent to Alcami Business Park, benefitting from strong commercial and residential growth in the corridor between Princess Place and Wrightsboro. The property offers excellent connectivity, situated just north of Historic Downtown Wilmington and within close proximity to Wilmington International Airport.

The property has convenient access to I-40, I-140, and US Highway 74/76, and is near major demand drivers such as North Kerr Industrial Park (home to the new FedEx distribution center), the Port of Wilmington, and several recently developed commercial and residential communities. A planned NCDOT roadway connecting N 23rd Street to N 26th Street will further enhance access and traffic flow to the site and surrounding businesses.

Zoned Light Industrial (City of Wilmington), the property is well-suited for a wide range of uses, including industrial, distribution, warehouse, retail, and general office.

LOCATION

23rd Street Business Park Off of Princess Place & N 23rd Street Wilmington, North Carolina | New Hanover County

PARCEL ID

R04812-001-018-000, R04812-001-001-000, and R04812-001-003-000

ZONING

LI—Light Industrial | City of Wilmington

SIZE

± 87.06 Acres

UTILITIES

? Water: CFPUA Water Mains along Princess Place Drive

? Sewer: CFPUA Mains along Alcami Drive and Princess Place Drive

PRICE

$9,800,000