COMMERCIAL Property

Located along the rapidly expanding Highway 421 Industrial Corridor, 2400 Hwy 421 presents a rare opportunity to acquire approximately 14 acres of industrial-zoned (IND) waterfront property in New Hanover County, NC. Featuring approximately 700 feet of frontage on the Cape Fear River, this site offers exceptional access, visibility, and development potential within one of Southeastern North Carolina’s fastest-growing industrial markets.

Situated just 1.5 miles south of the I-140 interchange and approximately five minutes from Downtown Wilmington, the property provides connectivity and close proximity to I-40, US Hwy 74/76, Wilmington International Airport (ILM), and the Port of Wilmington. The corridor has experienced substantial industrial investment and infrastructure expansion in recent years, fueled by completion of the I-140 bypass, utility upgrades, and increasing demand for distribution, logistics, manufacturing, and flex-industrial facilities.

The Hwy 421 corridor is now home to major regional and national users including Amazon, FedEx, Ferguson, Home Depot suppliers, Kesseböhmer, Trane, Coastal Carriers, and Paperfoam, among others. New Class A industrial developments such as Wilmington Trade Center and The Yard Industrial Park continue to attract significant tenant activity and institutional investment, reinforcing the corridor’s reputation as the premier industrial growth area in the Wilmington MSA.

Beyond its industrial advantages, the property benefits from immediate proximity to Downtown Wilmington’s vibrant urban amenities. Within minutes, tenants and employees have access to Wilmington’s award-winning Riverwalk, a diverse collection of waterfront restaurants and breweries, boutique hotels, entertainment venues, financial institutions, and professional services. Downtown Wilmington also offers convenient access to the Wilmington Convention Center, Live Oak Bank Pavilion, and an expanding residential population that supports workforce recruitment and retention. The combination of industrial accessibility and nearby lifestyle amenities creates a unique environment for companies seeking both operational efficiency and employee convenience.

With direct river frontage, industrial zoning, and immediate access to the region’s primary transportation infrastructure, 2400 Hwy 421 represents an exceptional opportunity for industrial, logistics, maritime-related, or mixed industrial redevelopment in one of coastal North Carolina’s most active commercial corridors.

Approximate 14 acre portion of Parent Parcel R04000-003-006-000 to be subdivided and subject to survey, new deeded access points and easements. FEMA Flood Zone AE. Seller has made improvements to the site’s elevation.