Listed by Tyler N Broughton of Prosper Real Estate
Build on one of Wilmington's busiest corridors - with the first round of city review already behind you. This ±0.19-acre (8,084 SF) Community Business (CB) zoned site at 1024 S. College Road has undergone preliminary review by the City of Wilmington Technical Review Committee for a proposed two-story commercial building, giving buyers a meaningful head start on the entitlement path. Municipal water and sewer are available to the parcel. CB zoning supports a wide range of neighborhood-serving retail and professional uses - office, medical, personal services, food and beverage among the possibilities - on a corridor that carries some of the heaviest daily traffic in New Hanover County, minutes from UNCW, midtown retail, and dense surrounding rooftops. Approximately 50 feet of frontage puts your signage directly in the sightline of that traffic. Small-format commercial sites on S. College rarely come available - even more rarely with TRC review underway and assumable-style financing attached. Concept plan and due diligence materials available to qualified buyers on request. Attractive financing in place: per the seller, existing owner financing at 6% interest-only may be transferable to a qualified buyer, subject to lender approval - meaning a buyer could control this site by bringing the difference to closing rather than financing the full price in today's rate environment. Terms and details available to qualified buyers on request. Note that the existing note matures September 1, 2027, so the transferable financing serves as short-term bridge financing, with the balance due at maturity.

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"Based on information submitted to Hive MLS as of August 19, 2026 5:29 AM UTC. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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