120 Yorktown Drive, Wilmington, NC 28401

$675,000 Asking Price

7 beds
3 baths
3,668  sqft
Built in 1945

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.


Features & Amenities

Interior

General:
Blinds/Shades
Flooring:
LVT/LVP,Wood
A/C:
Wall/Window Unit(s)
Heating:
Fireplace(s), Wood

Construction

Roofing:
Metal

Location

County:
New Hanover

Lot

Zoning:
B-1, ( 1.30 Acres) 1.3 Ac Pt Tr A Council Hgt, R04106-003-001-000

This listing courtesy of:
Shoreline Realty

About Wilmington, NC

Housing

Number of Units
106,487
Median Home Value
$297,369
Median Rent
$942

40.10% of housing units are renter occupied.

10.15% are vacant.

Commute

Car
64.28%
Public Transportation
0.34%
Walk to Work
1.40%
Work from Home
33.44%
Other
0.18%

The median travel time to work is 14 minutes.

People

Population
218,382
Median Age
40.40
Median Household Size
2.50

Education

High School
19.57%
Associate’s Degree
9.69%
Bachelor’s Degree
28.58%
Graduate Degree
15.26%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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