Price Improvement! 3 Acres For Commercial Development

Vacant Land for Sale
Catylist Listing ID: 30282068
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 3 Acres
Sale Price: $1,339,000
Unit Price: $446,333 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2021

Overview / Comments

Nice 3 acre lot located off Carolina Beach Rd in a business and residential corridor. Site was rough cleared in 2008 for approved development for a hotel. Great site and location for a restaurant or hotel with access to Carolina Beach Rd directly off property. Site is situated close to Monkey Junction and is located in a mixed use zone that is growing rapidly. Potential development opportunities include, but are not limited to: climate controlled Self Storage, Dry Cleaners, Entertainment, Strip Mall, Motel and a multitude of other uses. Contact agent for more information.

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Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover
Tax ID/APN: R07606-003-002-000
Zoning: B-2
Property Located Between: Carolina Beach Rd (U.S. Hwy 421)/ Piner Rd
Property Visibility: Good
Largest Nearby Street: Carolina Beach Rd (U.S. Hwy 421)
Traffic/Vehicle Count: 30,000
Highway Access: Site is located directly off Carolina Beach Rd. (U.S. Hwy 421)
Airports: ILM
Site Description: Site has been rough cleared for approved hotel development in 2008. Elevation is roughly 10 feet above adjacent parcel, giving more visibility from road.
Area Description: Area is mixed-use commercial and residential, with a mix of restaurants and retailers.
Lot Frontage: 51' Driveway access to Carolina Beach Rd
Zoning Description: B-2 Business
Topography: Level
Soil Type: Sandy
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,085 47,241 79,495
Median Age: 38.56 39.22 40.8
Households: 2,346 19,748 33,903


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