Multi-Family Land near Bradley Creek

Vacant Land for Sale
Catylist Listing ID: 30631919
Property Subtypes: Multi-Family, Residential (Single Family), Other
Gross Land Area: 2.21 Acres
Sale Price: $900,000
Unit Price: $407,239 Per Acre
Sale Terms: Cash to Seller
Last Updated: 1/18/2021

Overview / Comments

This 2.21 acre assemblage is an absolute hidden gem within the Wilmington city limits

Depending on terms there is potential to reincorporate some additional acreage.

Just south of Bradley Creek off of Oleander Drive with traffic counts of 48,000+ cars per day

Parcels are currently zoned Multi-Family Low Density (Conditional District) - 10 units per acre

Access granted via Giles Avenue

Previous approved townhome plan included in attachments

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R06207-006-005-000
Zoning: MF-LOW DENSITY
Property Located Between: Oleander Drive & Park Avenue
Property Visibility: Good
Legal Description: PT 212 PT 213 SEAGATE et. al.
Largest Nearby Street: Oleander Drive
Traffic/Vehicle Count: 48,490
Airports: ILM
Site Description: Split wooded and residential homes
Area Description: Large number of single family residences to the rear and office/retail to the front
Lot Frontage: 275' Giles
Lot Depth: 285'
Zoning Description: MF-L - Multi-Family Low Density - (ten (10) du/ac maximum density): This district is established for moderate density single-family and low density multiple-family development of varying types and designs. It functions as an alternative housing type near or in direct relationship to single-family detached housing.
Part of Planned Development?: Yes
Development Name: Trolley Run
Topography: Level
Available Utilities: Water, Sewer, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,554 50,942 122,484
Median Age: 37.23 36.65 37.24
Households: 4,022 20,982 52,382
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