8 Acres Zoned Residential Ready for Affordable Housing Development
Vacant Land
for Sale
| Catylist Listing ID: |
30665107 |
| Property Subtypes: |
Agricultural, Industrial, Multi-Family, Residential (Single Family), Retail, Self Storage
|
| Gross Land Area: |
8.03 Acres
|
| Sale Price: |
$465,000 |
| Unit Price: |
$57,907 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
7/9/2021 |
Overview / Comments
|
Conveniently located just north of Wilmington, approximately 8 Acres of wooded residential land zoned R-15 allowing up to 20 dwelling units (lots). If rezoned to R-10 density could be increased up to 26 dwelling units (lots). Over 500 feet of direct road frontage on US-117 allowing easy access for residential development. No utilities currently on property, City/County utilities accessible for connection to the property. Property is an easy 15 minute drive from Wilmington and associated ILM Airport. Only minutes from Interstate I-40 for an easy commute to and from the area. General area of property has municipal water, sewer and electric available for connection.
|
Additional Details
| Nearest MSA: |
Wilmington |
| County: |
New Hanover |
| Taxing Authority: |
New Hanover County |
| Tax ID/APN: |
TaxID1: R01800-002-001-000 TaxID2: 323106.37.3818.000 |
| Zoning: |
R-15 |
| Property Located Between: |
Just south of Castle Hayne NC on NC Hwy 117 |
| Property Visibility: |
Excellent |
| Legal Description: |
PT LOT 41-A HERMITAGE ESTATES |
| Largest Nearby Street: |
NC HWY 117 |
| Feet of Frontage: |
528 |
| Highway Access: |
Directly off NC HWY 117 |
| Airports: |
ILM approx 10 minutes away |
| Site Description: |
Wood lot |
| Lot Frontage: |
528 |
| Lot Depth: |
952 feet to 1352 feet |
| Zoning Description: |
New Hanover County Residential Zoned R-15 |
| Topography: |
Level |
| Available Utilities: |
Electric, Water, Gas, Sewer |
| Water Service: |
None |
| Sewer Type: |
None |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,606 |
6,162 |
33,907 |
| Median Age: |
34.13 |
35.62 |
36.43 |
| Households: |
462 |
2,326 |
13,400 |
|
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