4.08 AC Wilmington | 120-Unit Multifamily Development… — Sale in Wilmington, NC
- Price: $4.5M
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Wilmington, NC 28403
Photos
Description
2929 Market Street is a 4.08-acre site rezoned and approved for 120 multifamily units , two miles from downtown Wilmington. In September 2025, Wilmington City Council rezoned the 4.08-acre parcel from O&I to MD-17(CD), High-Density Multiple Dwelling Conditional District, approving a 120-unit, four-story residential development (Ordinance CD-2-825). The zoning approval runs with the land — the next owner steps into an approved density that took a full public rezoning process to secure, with Technical Review Committee (TRC) site plan approval and permits as the remaining steps. The offering includes a substantial third-party diligence package assembled for the prior development effort, including a 2025 Phase I ESA, geotechnical report, preliminary ALTA/NSPS survey, LIHTC/TEB market study prepared for NCHFA, as-surveyed legal description, and signed rezoning ordinance. These materials may reduce a buyer's initial diligence time and cost, subject to independent verification, report updates, and reliance rights. Land Size: 4.08 Ac | Listing Type: FOR SALE
Market Context
This multifamily in Wilmington, NC is listed for sale at $4,500,000. Compare it against other multifamily listings for sale in Wilmington, NC — view the full market.
First seen on CREHunt: Sep 23, 2026
Contact
- Vandan Gandhi — KW Commercial | Durham Southpoint | Vandan Gandhi · +19194755769 · van.kwcommercial@gmail.com
- Vandan Gandhi · +19194755769 · van.kwcommercial@gmail.com
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