5.47 Acres Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30626697
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family)
Gross Land Area: 5.47 Acres
Sale Price: $749,900
Unit Price: $137,093 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/11/2021

Overview / Comments

Development Opportunity on Pine Grove Rd. Located just South of its intersection with Greenville Loop Rd. Excellent potential to rezone for higher density use. There are two houses on the property that will be conveyed with no value.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06100-003-001-000
Zoning: R-15
Property Visibility: Excellent
Legal Description: PT MONTFORD
Feet of Frontage: 625
Traffic/Vehicle Count: 21,456
In Flood Plain?: Yes
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,044 69,198 135,718
Median Age: 44.58 36.55 37.2
Households: 1,723 30,013 58,747
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