Large Acreage Parcel

Vacant Land for Sale
Catylist Listing ID: 30667075
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 7.70 Acres
Sale Price: $499,000
Unit Price: $64,805 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/17/2020

Overview / Comments

Great inner City development tracts, Two tracts sold together with a total of 7.7 develop-able acres. Under the current zoning, R-5 could result in 60 plus lots. Tracts are surrounded by single family developments. No survey available just tax maps.

Sale subject to NCGS 46 including 10 day upset bid and 15 day partition. This is a commissioner sale by partition.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R04909006001001 & R04909006010000
Zoning: R-5
Property Visibility: Good
Legal Description: (2.57 Acres) PT Gore & (5.13 Acres) PT Gore
Largest Nearby Street: Princess Place Dr
Zoning Description: R-5

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,961 70,814 126,685
Median Age: 28.87 33.69 36.24
Households: 3,863 30,652 54,265

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