8 Acres Currently Zoned Residential Ready for Development

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30665107
Property Subtypes: Agricultural, Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage
Status: Pending
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: 10/1/2021

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, sewer and electric available for connection. CFPUA Sewer location document available from agent

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

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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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