120 Yorktown Drive

Wilmington, NC 28401

RARE FIND! 1.3 acres in 28401 with a 3668 sq ft, 7 bedroom, 2 bath home zoned B-1, which means you can live in it or run a business out of it, or both. NOT included in the sq feet is an additional 1,000 sq ft of unfinished attic space. The county has approved for the land to be divided into 3 lots, with the current home being on one lot zoned B-1, and two additional lots zoned R-15. Since the plat is not recorded yet, the plan can change, it would just need to be approved by the county. If you don't divide it, you have one of the last large beautiful lots in this zip code just minutes to downtown, 1/2 mile to the airport, and minutes to 3 bypasses. This home is close to Preservation Point, River Bluffs, Hanover Lakes, and three new neighborhoods being developed on Castle Hayne Road. You are not on top of your neighbor. You will be nestled into your own little oasis. If you want an investment, this home can be turned into a duplex, triplex or group home. Zoning does change, so please verify. The reason this spot is so special is because you have the feel of the county, but are close to the city. You are on septic and well. You have lots of options to build or just sit and wait until everything around you gets built up. With new rooftops come more restaurants and businesses. If you know the area, you know it is the next area to explode since there is barely any land left this close to downtown to build on. Go to zoning and check out all of the approved permits in this area. The airport is getting a hotel, and an entertainment center. There are two new gas stations scheduled to break ground in 2024, and apartments approved. Gem studios is a couple of miles away. This home would make a great one because you have a lot of options-Build on it, or use as an AirBNB, B&B, OFFICE, or HOME. The home is a diamond in the rough. The home has been priced at $182/sq ft, way under the comps. That price doesn't include two additional buildable lots 15,000-19,000 sq ft each. Fortunately, since the plat map has not been recorded, a builder can redesign it. The owners were thinking of selling off the lots, but will let the market tell them the highest and best use, so bring all ideas! The lot line goes all the way around the bend on Yorktown and ends by the horse farm. Lots marked with pink ribbons/iron markers based on approved proposal. This is an extraordinary home with major potential but if you want new construction, this is not it. There are cameras on site both inside and outside the home, so please schedule the showing and do not ride through the property.

This is an Active listing.

Broker Office Phone Number: 910-470-9273

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