Residential Development Opportunity in The Village at Sunset Beach

Vacant Land for Sale
Catylist Listing ID: 30628459
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 2.27 Acres
Sale Price: $339,000
Unit Price: $149,339 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/16/2020

Overview / Comments

Situated between the existing Dock Street Townhomes in The Village at Sunset Beach & a picturesque, maintained pond, this 2.27 acre parcel was previously designed for 16 single family homes or 22 townhomes. The Village at Sunset Beach is an 85-acre master-planned mixed-use development serving the permanent residents & resort visitors to the Sunset Beach, Ocean Isle Beach and Calabash areas of the South Brunswick Islands. Anchored by Food Lion, Bank of America and Walgreen's, this town center development offers specialty retail, medical, office, service, restaurant, hotel and residential development opportunities, including existing Dock Street Townhomes, Village Park Condominiums and under construction Artesia Village Apartments. Sunset Beach was ranked the highest net worth zip code in the Wilmington Region in 2018 & 2019.

The Village is located three miles south of US Highway 17 connecting Wilmington, NC to the Myrtle Beach, SC Grand Strand 15 miles southwest. Central to beaches, golf course communities and residents within the coastal region, the demographics of this resort community reflect that visitors far outnumber permanent residents. Brunswick County has experienced explosive growth over past 15 years, with residential growth coming in at the highest it’s been since the housing market crash 2007. Much of the rapid population growth has been in the South Brunswick Islands, which consists of Calabash, Carolina Shores, Sunset Beach, Ocean Isle Beach, Shallotte and Holden Beach. The outstanding and affordable quality of place has long been a draw for tourists, from the major metro areas within North Carolina as well as states to our north. Many of these tourists become second homeowners and eventually relocate to the area as retirees as evidenced by the percentage growth rate in ages 60 and over which eclipses the growth rate in all other age categories. Ample land and still-reasonable construction costs fuel growth in the region’s diverse housing stock, which offers residential options tailored to fit any preference and budget. Several new homes communities that sat dormant for the past 10 years are now under new ownership with construction underway.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Town of Sunset Beach & Brunswick County
Tax ID/APN: 2420000942
Zoning: SB-MUD
Property Located Between: Highway 904 & Angels Trace Road
Legal Description: 2.27 ACRES PLAT 39/89
Largest Nearby Street: Highway 179 (Sunset Blvd N)
Highway Access: Part of The Village at Sunset Beach, which is bordered by Highway 904 and Highway 179 (Sunset Blvd N)
Site Description: Partially wooded with views of the adjacent pond.
Area Description: The Village at Sunset Beach is an 85-acre master-planned mixed-use development serving the permanent residents and resort visitors to the Sunset Beach, Ocean Isle Beach and Calabash North Carolina areas. Anchored by Food Lion, Bank of America and Walgreen’s, this town center development offers specialty retail stores, medical, office, service, restaurants, hotel and residential development opportunities. Walking, bike, golf cart and vehicle access to a variety of dining and recreational opportunities, including the Sunset Beach Concert Series held at The Village during the summer months.
Lot Frontage: 692
Lot Depth: 143
Zoning Description: Sunset Beach Mixed Use Development District
Part of Planned Development?: Yes
Development Name: The Village at Sunset Beach
Topography: Level
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,525 7,875 16,625
Median Age: 51.38 56.93 55.5
Households: 734 3,784 7,873
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