5500 Peden Point Road, Wilmington, New Hanover

For Sale: Prime 1.74-Acre Waterfront Property on the Intracoastal Waterway - Wilmington, NCDiscover endless possibilities with this rare 1.74-acre gem located on the stunning Intracoastal Waterway in Wilmington, North Carolina. Whether you're a savvy investor, a developer, or someone seeking the perfect waterfront opportunity, this property offers unmatched potential.Property Highlights:Prime Location: Situated in a highly desirable area of Wilmington, NC, with direct access to the Intracoastal Waterway.Development Potential: Zoned for residential use, allowing the development of up to five single-family homes.Income Opportunity: Currently operates as a thriving mobile home park, generating $6,500 in monthly income.Waterfront Lifestyle: Stunning views, serene surroundings, and direct waterway access. Ideal for boating, fishing, and enjoying the coastal lifestyle.Proven Value: An excellent investment opportunity with flexible options for future growth. Keep the existing mobile home park for steady income, currently 6500 per month, 4 of the 6 mobile homes convey with the land. Transform this property into a beautiful residential community with up to five custom homes. This is a rare chance to own waterfront acreage with income-generating potential in one of North Carolina's most sought-after coastal cities. Agent related to seller