4814 Collegiate Drive

Vacant Land for Sale
Also listed as Multi-Family, Office
Catylist Listing ID: 30138491
Property Subtypes: Multi-Family, Office, Other
Gross Land Area: 20,678 SF
Sale Price: $299,000
Unit Price: $14.46 PSF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2017

Overview / Comments

Develop-able land parcel with existing structure located in high-exposure area. The property is at a very visible intersection of Randall Parkway and Collegiate. This location has many possibilities that are afforded by it R-10 Zoning. Corner lot with 20,000+ square feet of land. The existing structure could be considered to be incorporated into a planned unit development and, Family Care home or even a Single Family courtyard development. Close to office, retail and the University of North Carolina Wilmington. The area has undergone extensive storm water and road improvements. Could be a candidate to combined with neighboring properties for a more advanced use.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: City of Wilmington and New Hanover County
Tax ID/APN: R05507-002-086-000
Zoning: R-10
Property Located Between: College and kerr
Property Visibility: Excellent
Legal Description: (0.47 ACRES) Fusssell Property WILM
Largest Nearby Street: Racine Drive
Feet of Frontage: 220
Highway Access: College Road to I 40
Rail Access: Yes
Airports: ILM
Site Description: .47 acres at the corner of Collegiate and Randall Drive. An existing structure of slightly over 2000 square feet is currently leased and occupied through May 2019. The property is idea to consider more advanced uses and the owners welcome any partnerships to expand the possible footprint.
Area Description: Mostly cleared lot with external tree border for privacy. Easy road access. Existing structure that could be incorporated in to the development. Zoned R-10 and some existing neighbor properties are utilizes in a more office-low intensity commercial/Assemble.
Lot Frontage: 220
Lot Depth: 82
Zoning Description: R-10
Topography: Level
Easements: Utilities
Easements Description: Utilities easement exists on the northside of the property
Soil Type: Mixed
Available Utilities: Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,981 76,313 137,634
Median Age: 27.25 34.21 36.76
Households: 6,365 32,995 59,493

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