906 S 8th StreetWilmington, NC 28401

  • $525,000
  • Days on Market 145
  • MLS# 100336125
0.30 Acres
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Not In Subdivision

Description

This .31 Acre lot, located at the hard corner of Dawson and S 8th Street is prime for Multifamily / Mixed Use development along with a host of other Commercial uses by right. Zoned UMX for maximum density and minimum setbacks, this lot is cleared, flat and accessed to CFPUA water and sewer. Additionally it is in a federally designated ''Opportunity Zone'' which provides tax incentives for qualified investors to re-invest unrealized capital gains into low-income communities throughout the state.Preliminary assessment indicates highest and best use is either 18-24 condos/apartments or seven townhomes. The combination of flexible zoning, proximity to Historic Downtown and federal tax incentives makes this a unique development opportunity. Sale is for 718 Dawson St R05409-037-020-000 and 906 SOUTH 8TH R05409-037-019-000

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