New Hanover Development Land for Sale

Vacant Land for Sale
Catylist Listing ID: 30122482
Property Subtypes: Hospitality, Office, Retail, Self Storage, Other
Gross Land Area: 4.36 Acres
Sale Price: $1,690,000
Unit Price: $387,614 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/18/2018

Overview / Comments

This prime development land is strategically located on the corner of busy Carolina Beach Road and Shade Tree Lane near the Walmart retail center at Monkey Junction. The intersection has a traffic light and the traffic count in that vicinity is approximately 30,000 +/- per day. Road frontage is 522 feet (+/) on the Carolina Beach Rd. side and 322 feet (+/-) on the Shade Tree Lane side. The site is zoned B-2 and has municipal water at the site with municipal sewer nearby. The two buildings on the property are currently being used by the owner for storage. One of the last sizable tracts left in the fast developing Carolina Beach Rd. corridor between Independence Blvd. and South College Road. Access to the site is gated. Contact Brokers to discuss showing arrangements.

Directions: Take South College Rd. to Monkey Junction. Turn right onto Carolina Beach Road going past Pat's Tire Service on your right. The property boundary begins at Shade Tree Lane. Continuing on turn in at the first driveway. See Brokers sign.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R07100-003-024-000
Zoning: B-2
Property Located Between: Shade Tree Lane and Winding Branches Dr.
Property Visibility: Excellent
Largest Nearby Street: Carolina Beach Rd. (US Hwy. 421)
Feet of Frontage: 522
Traffic/Vehicle Count: 30,000
Highway Access: Property fronts on Carolina Beach Rd
Lot Frontage: 522 +/-
Lot Depth: Varies-minimum depth is 322 +/- feet
Topography: Level
Easements Description: See survey
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: Septic

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,944 48,549 87,883
Median Age: 34.39 39.93 39.59
Households: 4,693 20,461 38,047
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