Approved New Development / 6 Buildable Lots

Vacant Land for Sale
Catylist Listing ID: 30672539
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 1.20 Acres
Sale Price: $875,000
Unit Price: $729,166 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/20/2021

Overview / Comments

Rare marsh-front 1.2 acres located at the corner of Rogersville Road and Wrightsville Ave. Site approved for 6 building lots and community-approved name ''Marsh Pointeā€¯. Parcel includes 6 lots - 6121, 6125, 6129 Wrightsville Ave. and 103, 105, 107 Rogersville Rd. Waterfront courtyard community design, urban-type development with marsh/water views on Bradley Creek, including a multi-use pathway to Rogersville Road with sidewalk along Wrightsville Avenue, close proximity to Wrightsville Beach, Cross City Trail and Mayfaire, over .25 acres of open space for recreation areas and much more! Additional features include, complete utilities, concrete drive and individual lot driveway aprons, stoned construction entrance for immediate home building, split taps for irrigation water, decorative street lighting, and a beautiful split face decorative stone wall surrounding the parcel. Seller offering a "COVID Building Materials Credit" of $ 75,000.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05611-002-065-000
Zoning: R-5 CD
Property Visibility: Excellent
Largest Nearby Street: Wrightsville Ave
Zoning Description: Zoning is R-5 CD not R-15. du-tri-quadplexes are permitted by right in R-5, subject to amending CD approval from single to multifamily.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,202 56,001 125,002
Median Age: 36.53 36.17 36.86
Households: 2,387 23,319 53,546


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