6800-6808 Carolina Beach Rd

Vacant Land for Sale
Catylist Listing ID: 30738697
Property Subtypes: Multi-Family, Retail
Gross Land Area: 249,503 SF
Sale Price: $3,700,000
Unit Price: $14.83 PSF
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2021

Overview / Comments

Located at the signalized intersection of US 421 Carolina Beach Rd. and Myrtle Grove Rd. this highly visible offering of approximately 5.73 +/- acres is being offered as a multi-parcel sale. These parcels are located where Myrtle Grove Rd intersects with US 421 and is only 2.5 miles from the Snow’s Cut Bridge leading to Pleasure Island. Currently zoned R-15, with rezoning, this offering lends itself to development into a retail shopping center or multi-family complex. NCDOT 2019 traffic count are 35,500 AADT for US 421 south of the intersection and 33,500 AADT north of the intersection.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R08200-001-023-000, R08200-001-026-000
Zoning: R-15
Property Located Between: US421 Carolina Beach Rd.& Myrtle Grove Rd.
Property Visibility: Excellent
Legal Description: ADJ KEYES & ADJ KEYES FEDERAL POINT
Largest Nearby Street: US 421
Traffic/Vehicle Count: 35,500
Highway Access: Direct access to US highway 421.
Airports: ILM Wilmington, NC
Site Description: Offering contains two homes that is being sold as is.Tract is fairly level and does contain some large hardwood trees. Water and sewer from Cape Fear Public Utilities and Aqua are located in the immediate area, Purchaser would need to investigate which service is the most cost effective for water and sewer service.
Area Description: Growth area between Wilmington and Carolina Beach.. Many new communities are in various stages of development in the area. The area is the gateway into Pleasure Island.
Zoning Description: R-15 The purpose of the Residential-15 (R-15) District is established to provide lands that accommodate very low to low density residential development that can serve as a transition between very low density residential development patterns and smaller lot, more dense residential areas of the County. District regulations discourage development that substantially interferes with the quiet residential and recreational nature of the district
Topography: Gently Sloping
Easements: Ingress/Egress, Utilities
Easements Description: Utilities easements. Ingress and Egress for 6814 & 6818 Carolina Beach Rd.
Available Utilities: Electric
Water Service: Municipal, Well, Other
Sewer Type: Municipal, Septic, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,753 18,596 39,585
Median Age: 46.03 42.28 40.75
Households: 1,137 7,762 16,464
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