317 Acre Residential Development Opportunity
Vacant Land
for Sale
| Catylist Listing ID: |
30680230 |
| Property Subtypes: |
Multi-Family, Residential (Single Family), Other
|
| Gross Land Area: |
317.50 Acres
|
| Sale Price: |
$4,000,000 |
| Unit Price: |
$12,598 Per Acre |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/14/2021 |
Overview / Comments
317 Acres of prime development land beside Rourke Woods residential development in Shallotte, NC. While fronting on Bricklanding Road (Hwy 179), the road connecting Shallotte to Ocean Isle Beach, is zoned Shallotte RA-15, most of the property currently is in the county zoned R-7500. Shallotte is the rapidly growing hub for the South Brunswick Islands communities and this property is ideal for the next residential development.
Approximately 2 miles from Main Street Shallotte, 4 miles from Ocean Isle Beach, 9 miles from Sunset Beach and 11 miles from Holden Beach. Shallotte is thirty minutes from Wilmington, NC and Myrtle Beach, SC. New commercial development in Shallotte includes several franchise restaurants and Coastal Walk Marketplace which will feature Starbucks, Ulta, Ross, Marshalls, PetSmart, Hobby Lobby and Rack Room. The Shallotte Riverfront Redevelopment Project is currently constructing the Riverwalk and will attract locals and tourists alike traveling the Main Street corridor. Join nearby retailers including Walmart, Home Depot, Lowes, Belk, Big Lots and more in one of the fastest growing vacation and retirement regions in the US.
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Additional Details
| Nearest MSA: |
Myrtle Beach-Conway-North Myrtle Beach |
| County: |
Brunswick |
| Taxing Authority: |
Brunswick County |
| Tax ID/APN: |
21300006 |
| Zoning: |
SH-RA-15 |
| Property Located Between: |
Village Point Rd SW and Bricklanding Rd/Hale Swamp Rd Roundabout to Ocean Isle Beach |
| Property Visibility: |
Good |
| Legal Description: |
317.15 AC PL N/279 SR 1154 |
| Largest Nearby Street: |
Highway 179 (Bricklanding Rd) |
| Highway Access: |
Highway 179 to Highway 130 or Main Street to Highway 17 |
| Airports: |
Ocean Isle Beach General Aviation - 4 miles; Wilmington, NC & Myrtle Beach, SC -35 miles |
| Area Description: |
Shallotte is the rapidly growing hub for the South Brunswick Islands communities, located in the fastest-growing county in NC, the second fastest-growing MSA in the US and the fourth fastest-growing county in the US. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
7,750 |
15,408 |
| Median Age: |
46.96 |
47.97 |
| Households: |
3,347 |
6,765 |
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