Oceanview Development Site in Kure Beach

Vacant Land for Sale
Catylist Listing ID: 30658021
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family)
Gross Land Area: 0.33 Acres
Sale Price: $1,800,000
Unit Price: $5,454,545 Per Acre
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/24/2021

Overview / Comments

Oceanview second-row development site in Kure Beach. The property is currently used as a boutique motel but the value is in the land. Perfect site for oceanview townhomes/duplexes with a 35' height maximum. The subject property is comprised of three parcels on the corner of Fort Fisher Blvd. and M Ave just 100 feet from the nearest public beach access.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: Kure Beach
Tax ID/APN: R09213-004-009-000, R09213-004-010-000, & R09213-004-011-000
Property Visibility: Excellent
Largest Nearby Street: Fort Fisher Blvd
Lot Frontage: 150
Lot Depth: 100
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,481 5,877 13,979
Median Age: 53.53 46.26 46.12
Households: 666 2,685 6,150


Photograph of Listing Agent

Deans Hackney, III

Hackney & Company NCCMLS Member
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