1628 Leland School Rd. NE

Investment Overview

Builders and investors take note: 1628 Leland School Rd NE is an un-tapped infill opportunity designed for a high-yield residential project. The surrounding market has seen explosive population growth, making medium-density multifamily products highly coveted by both renters and buyers. Skip the initial environmental guesswork—the seller is actively delivering the preliminary site data you need to map out your maximum door-count yield from day one. Positioned in one of the fastest-growing submarkets in the region, 1628 Leland School Rd NE represents a premium, high-density residential redevelopment play spanning 4.6 gross acres. Shovel-ready in scope and marketed strictly for its underlying land value, this parcel features flexible R-6 zoning, making multi-family or townhome development its highest and best use. While the property currently contains a single-family home, garage, and mobile home, the true value lies in the site's footprint and proximity to major transit corridors. To streamline buyer underwriting and accelerate the development timeline, the seller is currently executing a formal wetland delineation to precisely define the net usable high ground. Capitalize on the region's insatiable demand for housing with a site positioned for an efficient path to engineering and permitting.

Investment Highlights

• Size: 4.6 Gross Acres +/-
• Zoning: R-6 (Medium Density Residential) – Ideal for Multi-Family / Townhome execution.
• Location: High-growth Leland corridor with immediate access to local schools, retail hubs, and downtown Wilmington.
• Site Condition: Value-in-land play. Existing structures (SFH, garage, mobile home) convey as-is, offering a clean slate for full site clearing or potential short-term holding income during the permitting phase.
• Proactive Due Diligence: Seller-backed wetland delineation is currently underway and will be provided to the buyer to define net buildable area.