508 Mcrae Street, Wilmington, NC
$ 525,000
Property Attributes
  • MLS#100416469
  • TypePending
  • 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.

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 Pending with Showings
Subdivision Rankin Place North
Topography Cleared
County New Hanover
Stipulation of Sale None
Property Type B
Terms Cash,Conventional
Tax Year 2022
Special Assessments n/a
Cobra Zone No
Lot Sqft 5793.00
Days on Market 152
City Limits Yes
Sub-Type Mixed Use
Waterview No
City Wilmington
Geo Lat 34.242123
Tax Assessed Value 100700.00
Secondary Subdivision N/A
HOA and Neigh Amenities No Amenities
Listing Member Name Morgan Beatty Group
Geo Lon -77.93941
Location Type Mainland
Selling Member Name Kenneth T Fisher
Co Listing Member Name Kenneth T Fisher

Exterior Features

Waterfront No
Fencing None
Fuel Tank None
Environmental Hazard Unknown
Soil Evaluation Soil Evaluation - No
Acres 0.54
List Price/Acre 972222.22
Total Road Frontage 146
MLS Identifier 20150918160742258811000000
Buildings on Property None
Acres - Wooded 840.00
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 Pending Average in 28401

AVG $440K
AVG $1,507
AVG 150
Data Provided by Inside Real Estate®
AVG 68
Data Provided by Walkscore® not using MLS data

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