Tract 3: 25.99 Commercial/Residential Acres for Sale - Richlands NC

Vacant Land for Sale
Catylist Listing ID: 30537939
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Self Storage
Gross Land Area: 25.99 Acres
Sale Price: $623,400
Unit Price: $23,986 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/5/2019

Overview / Comments

This property is located just out side the Southern Entrance to Richlands NC. The 25.99 Acres is on the North Side of Gum Branch Rd where it turns into E Franck Street.

The land is mostly cleared, no wetland delineation is in hand at this time, however we can tell from county mapping that wetlands or the potential for them is present.

Therefore our pricing for the whole is based on the estimated net usable acreage for the property at $30,000.00 per acre.

Sellers are currently locating their survey and other documents for the property.

The US Marine Corps will be moving an 800-member MARSOC battalion to Camp Lejeune from Camp Pendleton beginning on January 1, 2020. This will effectively consolidate all three of the Marine’s elite special forces battalions on the east coast, headquartered at Lejeune.

Naval Facilities Engineering Command (NAVFAC) Mid-Atlantic, on behalf of Marine Corps Installations East, has announced that Phase one proposals are due December 17, 2019 for the following project packages:
• Package 3: Three projects, including five buildings – one training facility renovation, three new training facilities and one new warehouse – at Camp Lejeune. Package estimate is $275-$325 million (solicitation number N4008519R9253).
• Package 7: Four projects at MCAS New River including a barracks, academic building, a CH-53K and a C-12 hanger, each with associated facilities. Total estimated budget is $425-$475 million (solicitation number N4008519R9257).

All this means that the region is growing, and there will be a substantial need for additional housing.

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Taxing Authority: Onslow County
Tax ID/APN: 071397
Zoning: R-20 / C-3
Property Located Between: Mills Field and Braysden Drive
Property Visibility: Excellent
Legal Description: PT TR2A Lee Mills Est
Largest Nearby Street: Gum Branch Road
Feet of Frontage: 2,127
Traffic/Vehicle Count: 8,200
Highway Access: Direct
Site Description: Vacant Land located just outside of Richlands NC a Suburb of Jacksonville NC
Area Description: Farm Land
Lot Frontage: 2127
Lot Depth: 1463
Zoning Description: Zoning is Split between C-3 and R-20 See attached Zoning maps.
Topography: Gently Sloping

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,547 14,333
Median Age: 29.78 30.78
Households: 1,673 5,174
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