$405,000
About this home
Build on one of Wilmington's busiest corridors - with the first round of city review already behind you. This ±0.19-acre (8,084 SF) Community Business (CB) zoned site at 1024 S. College Road has undergone preliminary review by the City of Wilmington Technical Review Committee for a proposed two-story commercial building, giving buyers a meaningful head start on the entitlement path. Municipal water and sewer are available to the parcel. CB zoning supports a wide range of neighborhood-serving retail and professional uses - office, medical, personal services, food and beverage among the possibilities - on a corridor that carries some of the heaviest daily traffic in New Hanover County, minutes from UNCW, midtown retail, and dense surrounding rooftops. Approximately 50 feet of frontage puts your signage directly in the sightline of that traffic. Small-format commercial sites on S. College rarely come available - even more rarely with TRC review underway and assumable-style financing attached. Concept plan and due diligence materials available to qualified buyers on request. Attractive financing in place: per the seller, existing owner financing at 6% interest-only may be transferable to a qualified buyer, subject to lender approval - meaning a buyer could control this site by bringing the difference to closing rather than financing the full price in today's rate environment. Terms and details available to qualified buyers on request. Note that the existing note matures September 1, 2027, so the transferable financing serves as short-term bridge financing, with the balance due at maturity.
Property details
- MLS #
- 100589849
- Property type
- Undeveloped
- Subdivision
- Not In Subdivision
- Status
- Active
- Days on market
- 83
- On market date
- July 17, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.18 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 454
- Student:teacher ratio
- 15.1:1
- District
- New Hanover County Schools
- Enrollment
- 698
- Student:teacher ratio
- 12.7:1
- District
- New Hanover County Schools
- Enrollment
- 230
- Student:teacher ratio
- 23.0:1
- District
- New Hanover County Schools
Walkability
Blended score for Wilmington's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.
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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.