PRICE CUT 149.5 AC +/- Industrial Land , Wilmington

Vacant Land for Sale
Catylist Listing ID: 30393363
Property Subtypes: Industrial
Gross Land Area: 149.50 Acres
Sale Price: $2,990,000
Unit Price: $20,000 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

BACK ON MARKET This 149.5 AC +/- property is zoned I-1, light industrial.
County planning has indicated that a re-zone to a PUD lies within the County plans for this area and believes Planning would support a re-zone depending on master plan.

Larger parcel is 122.05 +/- AC. Smaller parcel is 27.45 +/- AC. Can be bought seperate

Well below Market Rate, Buyer has said Sell!!!!!

Largest I-1 tract available in New Hanover County. Rail is running the full length of the property. Property is not located within the flood zone according to the FEMA Guidelines. Sewer is on Blue Clay road 12 in Forced main and Water is being put in on Hermitage Road 400 feet from property engineering has been underway.

Minutes from Interstate 140 bypass with easy ingress and egress from Castle Hayne On/off Ramp to I-140. North Carolina as a whole is expected to be the 7th most populated US state by 2030. In all, 65 of America's largest 100 cities lie within a two-day radius of the region. This tract of land is located in New
Hanover County, North Carolina. Wilmington is a 250 year old port
city. Wilmington is the largest city in southeastern North Carolina and is the epitome of what the emerging New South is all about. Its inviting business climate has attracted giants like G.E., Dupont, Corning, AAi, Verizon and PPD.


Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R02500002029000
Property Located Between: Hermatage and Crowatan
Legal Description: Two Parcels 27.45 AC and 122.05 Acres Industrial I-1 R02500-002-028-000 (27.45AC) R02500-002-029-000 (122.05 AC) PARCEL 1 ARMSTRONG DEV PT OF BLUE COVE
Largest Nearby Street: I-40
Airports: ILM
Zoning Description: The purpose of this district shall be to provide areas for those uses of an industrial, warehousing, and storage nature which do not create an excessive amount of noise, odor, smoke, dust, air borne debris, or other objectionable characteristics which might be detrimental to surrounding areas.
Development Name: New Hanover Industrial park
Topography: Level
Easements: Electric Lines, Utilities
Easements Description: Electric Lines and Rail Spur for GE
Soil Type: Mixed
Available Utilities: Other
Water Service: Other
Sewer Type: Other, None

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,584 14,511 44,626
Median Age: 41.06 37.85 35.01
Households: 628 5,438 17,998
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