1221 Castle Street, Wilmington, NC 28401 (MLS# 100455227)
1221 Castle Street, Wilmington, NC 28401
$314,000
Property Type:
Land
Lot Size (sq. ft.):
6,534
Status:
Closed
Current Price:
$314,000
List Date:
5/29/2025
Last Modified:
6/09/2025
Description
Ready to build .15 acre corner lot on castle street is just one block from the new 98 Apartment 4,200 SF retail complex Midcastle. The property is zoned UMX which allows for high density mixed use. The current owner intended a 16 unit apartment building with a 900 SF retail space. The lot is located between the rapidly developing Cargo District and Castle street's busy retail and residential district. Opportunity zone tax benefits are available for the developers of this parcel.
More Information MLS# 100455227
Contract Info
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2024-07-11
Sub-Type: 5+ Multi-Family
Listing Price: 375000
Current Price: $314,000
List Price/Acre: 2500000
Stipulation of Sale: Standard
Location Information
Street #: 1221
Street Name: Castle
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.22928
Geo Lon: -77.932173
Remarks and Showing
Directions to Property: Castle and 13th
Sign on Property: No
Property Exterior Info
Acres - Total: 0.15
Lot SqFt: 6534
Deed Restriction: No
Total Road Frontage: 66
Waterfront: No
Waterview: No
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 57100
Deed Book: 6586
Deed Page: 2851
Legal: E END 6 PT 5 BLK 98
Broker Owner: No
PID: R05406-023-023-000
Tax Identifier: R05406-023-023-000
Plat Book: n/a
Plat Page: n/a
Total Real Estate Property Taxes: 482.5
Special Assessments: None
Tax Year: 2023
Zoning: UMX
Cobra Zone: No
Elementary School: Snipes
Middle School 2: Williston
High School: New Hanover
Status Change Info
Under Contract Date: 2025-05-31
Sold Price: $314,000
Sold Date: 2025-06-06
Property Features
Current Use: Vacant
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Topography: Cleared; Undeveloped
Fuel Tank: None
Environmental Hazard: Unknown
Terms: 1031 Exchange; Cash
Listing Office: Coastal Properties
Last Updated: June - 09 - 2025
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