195 +/- acres close to Downtown Wilmington, Lealand , Navassa , N.C.

Vacant Land for Sale
Catylist Listing ID: 30631477
Property Subtypes: Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort, Other
Gross Land Area: 195 Acres
Sale Price: $9,900,000
Unit Price: $50,769 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

Nestled under beautiful Oak Trees and a hidden gem of a previously mined pond, lies 195 approximate acres only 12 minutes from the heart of downtown Wilmington. Located beside the largest growing town of Leland in North Carolina. With a new outer loop of I-140 1/4 of a mile from the interchange. This property is also located in an opportunity zone offering tax discounts and deferrals. A developers dream with a 6 acre pond perfect for a dock and clubhouse. 64 acres cleared, graded and has 8000+ sq yards of topsoil. (approximately $2,000,000) worth of investment already in place for clearing and grading of the property! Davis Creek runs along the entirety of the property which gives easy access to the Cape Fear River. Property could be great for apartments, retail space, and housing development. Has a city boat ramp in between the properties which total the approximate195 acres to be determined by a survey. Close to the property is a wonderful public park offering a baseball field, basketball court, tennis court, picnic area and more. Easily tie into water and sewer!

Attachments & Media

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Navassa , Brunswick County N.C.
Tax ID/APN: 02400003
Zoning: NA-HI , LI
Legal Description: 195.10 ACRES
Largest Nearby Street: I-140
Feet of Frontage: 400
Highway Access: Less than 1 mile
Site Description: Nestled under beautiful Oak Trees and a hidden gem of a previously mined pond, lies 195 approximate acres only 12 minutes from the heart of downtown Wilmington. Located beside the largest growing town of Leland in North Carolina. With a new outer loop of I-140 1/4 of a mile from the interchange. This property is also located in an opportunity zone offering tax discounts and deferrals. A developers dream with a 6 acre pond perfect for a dock and clubhouse. 64 acres cleared, graded and has 8000+ sq yards of topsoil. (approximately $2,000,000) worth of investment already in place for clearing and grading of the property! Davis Creek runs along the entirety of the property which gives easy access to the Cape Fear River. Property could be great for apartments, retail space, and housing development. Has a city boat ramp in between the properties which total the approximate195 acres to be determined by a survey. Close to the property is a wonderful public park offering a baseball field, basketball court, tennis court, picnic area and more. Easily tie into water and sewer!
Area Description: 6 acre pond perfect for a dock and clubhouse. 64 acres cleared, graded and has 8000+ sq yards of topsoil.
Topography: Level

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 9,641 47,497
Median Age: 39.99 37.96
Households: 3,947 20,361
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