$1,100,000
About this home
Exceptional Multi-Use Development Opportunity on Castle Hayne Road Discover a prime 4.56-acre property perfectly situated for both commercial and residential development along bustling Castle Hayne Road. Featuring approximately 1.7 acres of B-1 zoned land with 300 feet of road frontage, this site offers excellent visibility. Behind the commercial frontage, you'll find 2.6 acres of R-20 zoned vacant land, providing endless possibilities for development. Adding value to this offering, the seller is completing a new 3,100 sqft warehouse designed for efficiency. The warehouse boasts two 12'x12' roll-up doors, a spacious 1,200 sqft office area, which includes two private offices, a conference room, kitchenette, and ADA-compliant restrooms. The property also features three residential rental units: a single-family home and a duplex, with one currently occupied. Note that viewing the interiors of these homes requires an accepted agreement. One unit of the duplex currently has a month to month lease at $1200/month. Warehouse has a 1 year lease at $3000/month. While the property is primarily marketed for its commercial warehouse and land value, the existing rental income adds a beneficial revenue stream during the planning and development phase. The dual zoning allows for integrated business operations along Castle Hayne Road while accommodating appropriate residential use on the back property. There is potential for sub-dividing, and the seller is open to discussing various options. Homes are being sold as-is, with square footage estimates provided by the owner that have not been verified. This ideal location is just minutes from the I-40 bypass, Downtown Wilmington, ILM Airport, and the rapidly developing Castle Hayne area. This sale includes three parcels (2723, 2725, and 2727 Castle Hayne Road)
Property details
- MLS #
- 100551627
- Property type
- Commercial Sale
- Subdivision
- Not In Subdivision
- Status
- Active
- Days on market
- 253
- On market date
- September 1, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 4.56 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
- 450
- Student:teacher ratio
- 14.5:1
- District
- New Hanover County Schools
- Enrollment
- 885
- Student:teacher ratio
- 15.5:1
- 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.
Mortgage calculator
Estimate only - actual rate and payment depend on your lender, credit, and loan program.
Adjust tax / insurance estimates
Similar homes you might like
Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated September 1, 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.