Land along Military Cutoff Rd.

Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30748494
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 0.49 Acres
Sale Price: $800,000
Unit Price: $1,632,653 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2021

Overview / Comments

Property listed right on Military Cutoff Rd. across from the new shops at Arboretum West which has road frontage of approx. 100 ft on Military Cutoff Rd. Land is also connected with 196 feet to the property proposed to be The Avenue, which will have hotel, retail shops, apartments and more when it is built out. This 0.49 acre is Zoned MHP which could be rezoned. It has a manufactured home and storage building on the property which are of NO value. Value is in The Land.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover
Tax ID/APN: R05105-001-022-000
Zoning: MHP
Property Located Between: Road Frontage on Military Cutoff Rd between The new proposed development The Avenue and Back Entrance to Landfall
Property Visibility: Excellent
Legal Description: LOT 24 IN WESTWOOD HEIGHTS SUBDIVISION
Largest Nearby Street: Military Cutoff Road
Feet of Frontage: 100
Highway Access: Driveway provides in and out to Military Cutoff Rd.
Airports: WILM
Site Description: Cleared lot with few trees. Has Mfg. home and storage building of no Value. Value is in the Land.
Lot Frontage: approx. 100 Ft.
Lot Depth: 238 Ft.
Zoning Description: MHP
Development Name: Westwood Heights
Topography: Gently Sloping
Available Utilities: Electric, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,360 53,568 103,015
Median Age: 45.44 35.82 37.01
Households: 1,996 21,783 43,441

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