2.79 +/- Acres - O&I - Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30729895
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 2.79 Acres
Sale Price: $910,000
Unit Price: $326,164 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Last Updated: 5/24/2022

Overview / Comments

This Property is located (1,000 Feet from intersection per mile) form the intersection of Carolina Beach Road and S College Road. Located across from the Village at Myrtle Grove Retail Shops, anchored by Home Depot, this property has a grand fathered access off of Piner Road.

The 2.79 acres has access to utilities.

The property sits on Piner road adjacent to Multifamily, Myrtle Gove Middle School, across from Myrtle Grove Christian Academy and is a major secondary road connecting the Masonboro Loop Rd and Myrtle Grove Rd to College and Carolina Beach Road. The traffic counts by the Wilmington Metropolitan planning organization show 22,039 CPD pass this property. Making it Highly trafficked as secondary road go.

The property is zoned O&I which allows for a wide variety of potential uses. Please check with the Zoning Department of New Hanover County for your particular use.

** Please note that the DOT is making changes to the intersection of College and Carolina Beach which may or may not impact this property, potential purchasers are encouraged to speak with DOT **

3 additional adjacent parcels (3.45 +/- Acres) for sale and can be bought together.

Listing ID: #30749256

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R07600-002-012-000
Property Located Between: S College Road & Carolina Beach Road Intersection and Myrtle Grove Road
Property Visibility: Excellent
Legal Description: MYRTLE GR MASONBORO
Largest Nearby Street: Carolina Beach Road & S College Road Intersection
Feet of Frontage: 150
Traffic/Vehicle Count: 22,039
Highway Access: Take right, go to light and your on highway 421
Airports: ILM (25 min)
Site Description: Vacant Land with Trees.
Area Description: Monkey Junction Area of New Hanover County / Myrtle Grove area. Retail/Multifamily and Office Corridor.
Lot Frontage: 150 Ft +/-
Lot Depth: 804 Ft +/-
Zoning Description: The purpose of the Office and Institutional (O&I) District is to provide lands that accommodate institutional, professional office, and other compatible uses. The O&I district should be located in areas with more intense uses and higher density development patterns to support economic clusters in appropriate locations.
Easements: Ingress/Egress, Utilities
Easements Description: Highway Right of Way and a 50 foot wide buffer easement
Available Utilities: Water
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,688 43,755 78,005
Median Age: 42.33 39.36 40.74
Households: 1,447 18,506 33,115
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