Intracoastal Waterway Lot

Vacant Land for Sale
Catylist Listing ID: 30318984
Property Subtypes: Mobile Home Park
Gross Land Area: 1.77 Acres
Sale Price: $680,000
Unit Price: $384,180 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2018

Overview / Comments

This beautiful waterfront property is located just outside of city limits at the end of Peden Point Road with beautiful views of the Intracoastal Waterway. Zoned R-15, this lot can be divided into 4 individual lots and has multifamily potential. Currently 6 mobile homes on the property generating approximately $2,750 per month. Owners will consider selling front lot separately for $580k.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 3143-29-0911.000
Zoning: R-15
Legal Description: (1.74 Acres) TR 2 Myrtle Grove
Zoning Description: Residential dist 15000 SF

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,253 33,654 65,099
Median Age: 44.02 39.06 40.42
Households: 1,274 14,190 27,382
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