Brunswick River Development Land +/-598' River Frontage

Vacant Land for Sale
Catylist Listing ID: 30728736
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 5.90 Acres
Sale Price: $2,150,000
Unit Price: $364,406 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/7/2021

Overview / Comments

Rare +/- 5.9 acre development parcel with approximately 598' of frontage on the Brunswick River within the Belville town limits with municipal water and sewer available. The current R10 zoning could allow ten or more single family lots with clubhouse, common area and private marina. The highest and best use of a high-end multifamily waterfront community with private marina may be achieved through a rezoning or Special Use Permit. Preliminary concept plans for single family development and townhouse development are attached for reference.

The subject is located less than 1/4 mile from Belville Elementary School and the Brunswick Riverwalk Park at Belville, less than two miles from the Leland Village Rd corridor, Magnolia Greens and Westgate commercial nodes and a quick jaunt over the Cape Fear River into Historic Downtown Wilmington. The location provides easy access to both the New Hanover and Brunswick County beaches plus Southport and Bald Head Island via automobile or boat. Nearby highway and interstate access includes US 74/76, US 421, US 17, I-140 and I-40.

Brunswick County is the fastest growing county in North Carolina and the adjacent Wilmington MSA is #1 in the country for inbound moves. The Leland/Belville submarket enjoys one of the highest net worth demographics in the region with continued residential and major commercial development. Paired with a regional housing shortage the area is ripe for successful residential development selling at premium prices faster than it can be built.

There are two exempt prospects for this property.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 048CB00101
Zoning: R10
Property Located Between: Hawkeswater at the River and Rice Hope subdivisions
Property Visibility: Excellent
Legal Description: 6.60 Ac
Largest Nearby Street: State Rd 133
Feet of Frontage: 495
Highway Access: US 17, US 74/76, US 421, I-140, I-40
Airports: ILM
Zoning Description: Section 5.1.2 R-10, Residential District A. Purpose and Intent - This district is defined as medium to high-density single family residential areas and additional open areas where similar single-family residential development will be a viable land use. The uses permitted in this district are designed to stabilize and protect the essential character of the area and prohibit all activities of a commercial nature except certain home occupations controlled by specific limitations. B. Permitted and Special Uses - Permitted and Special Uses shall be as provided in Section 5.2, District Regulations, Table 5.1, Table of Permitted Uses, of this Article. C. Accessory Uses - A building or lot may be used for uses customarily incidental to any permitted use and a dwelling may be used for a home occupation. D. Dimensional Requirements - Dimensional requirements shall be as provided in Section 5.3, Dimensional Requirements, Table 5.2, Zoning District Dimensional Requirements, of this Article.
In Flood Plain?: Yes
Topography: Gently Sloping
Available Utilities: Electric, Water, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,381 30,576 80,587
Median Age: 36.12 37.94 37.75
Households: 523 13,439 36,240

Contact

Photograph of Listing Agent

Eric Knight

Nest Realty NCCMLS Member
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