Apartment/Condo Site

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30599189
Property Subtypes: Multi-Family
Gross Land Area: 4.89 Acres
Sale Price: $858,000
Unit Price: $175,460 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2020

Overview / Comments

Apartment/Condo Site – Rare opportunity to purchase land in fast growing Leland NC with all development permits included to construct 78 apartments or condos. This site at 199 Old Fayetteville Rd in Leland is close to shopping, dining and schools. It is offered at $11,000 per unit or $858,000 for the land and includes the transfer of all engineering and development permits to the Buyer at Closing. Water and sewer are available at the site!

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 037DB013
Zoning: MF
Property Visibility: Excellent
Legal Description: L-1 4.89 ACRES PLAT 25/262 SR 1437
Development Name: Kyndall Cove
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,380 13,454 42,924
Median Age: 42.16 39.68 38.3
Households: 2,660 5,592 18,383
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