185 Old Fayetteville Rd (AKA 102 Trinity Dr)

Multi-Family for Sale
Also listed as Vacant Land
Catylist Listing ID: 30640799
Building Status: Proposed
Number of Units: 122 Units
Building Size (RSF): 8,064 SF
Gross Building Area: See Agent
Gross Land Area: 7.67 Acres
Sale Price: $1,200,000
Unit Price: $9,836.07 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Grace PT Community Church
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2020

Overview / Comments

Property is perfect for a multifamily project containing up to 16 units/acre, according to the Leland Zoning Ordinance, which equates to approximately 122 apartments.

Property contains a 8064 SF, 50' X 160' building currently used as a church, built in 1995. 389' of road frontage with access from Trinity Drive. The site is close to schools, shopping and dining. Can be used as a church or re-purposed to multi-family per current zoning. Other uses allowed under MF zoning are Adult Day Care, Child Day Care Center, Nursing & Personal Care, and Senior Living community.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: LELAND, NC
Tax ID/APN: 37DB01111
Zoning: MF
Property Located Between: State HWY 74/76 and Village Road, Leland
Highway Access: HWY 74/76, US HWY 17, and I-140
Airports: ILM
Site Description: Cleared +/- 7 ACRES of land containing one (1) 8064 SF building.
Area Description: Fast growing Brunswick County community of Leland.
Total Number of Buildings: 1
Property Condition: Excellent
Year Built: 1995
Construction/Siding: Brick
Zoning Description: MF
Lot Frontage: 389'
Lot Depth: 868
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Grace Pt. Community Church
Legal Description: 7.67 AC WILLIE YOEMAN L ESTATE PL 22/324

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,042 13,454 45,568
Median Age: 45.67 39.68 38.1
Households: 1,765 5,592 19,465
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