11.5 Ac at Gateway to Calabash

Vacant Land for Sale
Catylist Listing ID: 30802247
Property Subtypes: Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 11.52 Acres
Sale Price: $2,500,000
Unit Price: $217,013 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/12/2022

Overview / Comments

11.52 Acres at the Gateway to Calabash, NC. Ideally situated for Residential or Commercial Development at the intersection of Highway 179B (Beach Drive) and Persimmon Road and bounded by Thomasboro Road to the north. 1,393.55 feet frontage on Beach Drive, 270.54 on Persimmon and 843 on Thomasboro. Water is available on all three sides and sewer is available on Thomasboro Road and Persimmon Road via 8" line. Force main sewer is available on Beach Drive for commercial development. Easy access to Highway 17 in Calabash, NC and Highway 17 in Little River, SC. Neighboring businesses include Town of Calabash and Calabash Fire Station, multiple restaurants and retail stores and Calabash Riverfront Restaurants and Recreational opportunities.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Town of Calabash & Brunswick County
Tax ID/APN: 2410003010
Zoning: CA-CB
Property Located Between: Hwy 179 (Beach Drive), Persimmon Road & Thomasboro Road
Property Visibility: Excellent
Legal Description: P/O TR-1&2 11.52 AC PL T/279 NC 179 & SR 1165
Largest Nearby Street: Highway 179 (Beach Drive)
Feet of Frontage: 1,393
Highway Access: Easy access to Highway 17 in Calabash, NC via Persimmon Road and Thomasboro Road and Highway 17 in Little River, SC via Highway 179 (Beach Drive)
Area Description: Residential development in Brunswick County is experiencing explosive growth, with the county planning department seeing a 572% increase in residential unit approvals among major subdivisions and planned developments between fiscal years 2020 and 2021, not including recently approved 2,132 acres for higher density zoning south of Highway 17 in Calabash. Calabash has recently approved a 288-unit senior living multi-family project, a residential cluster community that will be a combination of 158 single-family and duplexes, 361 units of the Stone Farm development consisting of 150 single-family and 211 duplexes, and the 60 apartment units of Harbor Meadows adjacent to this site on Thomasboro Road which were recently completed and are being leased. The entire Stone Farm development, anticipated for completion in phases over the next 7 to 10 years, involves 1,009 acres that could contain nearly 1,800 homes, 363 townhomes and about 45 acres of commercial development and is located of Old Georgetown Road (Highway 179) approximately two miles east of this site. In the 2022 Wilmington Business Journal Book on Business, the Town of Calabash ranks #5 in the three-county Wilmington Region of Wealthiest Zip Codes, with adjacent Sunset Beach #3 and Ocean Isle Beach #1. Sunset Beach is ranked number 4 on National Geographic’s “21 Best Beaches in the World” and Ocean Isle Beach was voted ‘The South’s Best Tiny Town’ by Southern Living Magazine.
Lot Frontage: 1,393.55 feet frontage on Beach Drive, 270.54 on Persimmon and 843 on Thomasboro
Zoning Description: CA-CB (Zoning Table of Uses Attached)
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,495 13,067 23,842
Median Age: 60.19 59.83 57.11
Households: 1,273 6,407 11,563

Contact

Photograph of Listing Agent

Michael Abushakra

CBC Sun Coast Partners NCCMLS Member
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