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$125,000
102 Meares Street
Wilmington, NC 28401
MLS# 100424208



102 Meares Street, Wilmington, NC 28401
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102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401 102 Meares Street, Wilmington, NC 28401

Property Description
Vacant building lot opportunity for sale in historic downtown Wilmington! Nestled at the corner of Front Street and Meares, this small buildable lot, zoned R-3, presents a blank canvas for your primary home or next investment. Build a cottage, bungalow or embrace the industrial vibe of the corridor and go big with the potential for a three-story residence, this prime location affords captivating views of the majestic Cape Fear River.Situated strategically, the property finds itself at the crossroads of Downtown, halfway between the trendy South Front District / Greenfield Lake, and the heartbeat of the Historic Downtown Central Business District. Immerse yourself in the rich cultural tapestry of Wilmington while enjoying the convenience of this coveted corner lot.Whether you're an investor seeking a lucrative buy-and-hold opportunity or a homeowner envisioning your ideal dwelling, this lot offers a diverse range of possibilities. Design your primary residence to capture the essence of historic Wilmington living or explore the potential for an income-producing rental property - the choice is yours.To make your vision a reality, we can provide access to house plans tailored to maximize the lot's potential. Additionally, our network includes reputable builder referrals, ensuring a seamless transition from concept to construction.Seize the moment to be a part of Wilmington's rich history! Don't miss out on this rare chance to own a slice of downtown paradise.

Details
Maps
Contract Info
Status: Active
Effective Date: 2024-01-26
Delayed Marketing?: No
Delayed Marketing Date (DM): 2024-01-26
Sub-Type: Residential Land
Listing Price: 125000
Current Price: $125,000
List Price/Acre: 1785714.29
Sub Agent Comm $/%: %
Buyer Agent Comm: 2.5
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: 102
Street Name: Meares
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
City Limits: Yes
Marketing City: Wilmington
Subdivision: Downtown
Secondary Subdivision: N/A
Geo Lat: 34.222171
Geo Lon: -77.946803
Remarks and Showing
Directions to Property: Corner of Front and Meares Downtown
Sign on Property: Yes
Property Exterior Info
Acres - Total: 0.07
Lot Dimensions: 48x63
Lot SqFt: 3048
Deed Restriction: No
Total Road Frontage: 48
Waterfront: No
Waterview: Yes
Location Type: Mainland
Horses Y/N: No
Legal and Taxes
Tax Assessed Value: 112800
Deed Book: 6672
Deed Page: 2037
Legal: PT LT 1 BLK 3 WILMINGTON
Broker Owner: Yes
PID: R05413-017-001-000
Tax Identifier: R05413-017-001-000
Total Real Estate Property Taxes: 953.16
Tax Year: 2023
Zoning: R-3
HOA: No
Cobra Zone: No
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Property Features
Current Use: Vacant
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Frontage Type: See Remarks
Topography: Cleared
View Type: River View
Fuel Tank: None
Environmental Hazard: Unknown
Lot Description: Corner Lot; Development
Road Type/Frontage: Public (City/Cty/St)
Utilities: Municipal Sewer Available; Municipal Water Available
Lot Water Features: None
HOA and Neigh Amenities: See Remarks
Terms: 1031 Exchange; Build to Suit; Cash; Construction to Perm.; Conventional; Owner Build; Seller Financing; Subordination; FHA; See Remarks
Possession: Subordination

Listing Office: Keller Williams Innovate-Wilmington

Last Updated: January - 27 - 2024

102 Meares Street, Wilmington, NC 28401 - MLS# 100424208
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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