508 Mcrae Street, Wilmington, NC
$ 525,000
Property Attributes
  • MLS#100416469
  • TypeLand
  • CityWilmington
  • AreaRankin Place North
  • NeighborhoodWilmington
  • Zip28401
  • StyleMixed Use
  • Taxes$ 855
  • Price$ 525,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.54 Acres
Data Source:
Property Description

Northside Downtown Wilmington development site; currently consisting of 4 parcels, 508, 510, 512, and 516 McRae Street. This is one of the largest contiguous assemblages of property in the area and the only commercially zoned cluster within blocks. See attached zoning map. Property is surrounded by abundant residential rooftops and across the street from Hemenway Center Park. Develop individual lots or recombine parcels to suit your use needs. Community Business zoning allows for wide range of potential use including full commercial or mixed use. Inquire for more details. Purchase this property and be a key participant in the continuous revitalization of the one and only Downtown Wilmington.

Elementary School Middle School High School
Snipes Elementary School Williston Middle School New Hanover High School
Price History
11/28/2023 Listed $525,000

General Features

Utilities Municipal Sewer Available,Municipal Water Available
Possession At Closing
current use Commercial,Residential,Retail
Zoning CB
Status Active
Subdivision Rankin Place North
Topography Cleared
County New Hanover
Stipulation of Sale None
Property Type B
Terms Cash,Conventional
Tax Year 2022
Lot Sqft 5793.00
Days on Market 91
City Limits Yes
Sub-Type Mixed Use
Waterview No
City Wilmington
Middle School Williston
Street Name Mcrae
High School New Hanover
HOA and Neigh Amenities No Amenities
Elementary School Snipes
Listing Member Name Morgan Beatty Group
Location Type Mainland
Co Listing Member Name Kenneth T Fisher

Interior Features

Street Suffix Street

Exterior Features

Waterfront No
Fencing None
Soil Evaluation Soil Evaluation - No
Acres 0.54
Buildings on Property None
Road Type/Frontage Public (City/Cty/St)


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 28401

AVG $410K
AVG $21,967
AVG 13
Data Provided by Inside Real Estate®
AVG 53
Data Provided by Walkscore® not using MLS data

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