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
1221 Castle Street, Wilmington, NC 28401- MLS# 100455227
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