2600 421 Highway North

Vacant Land for Sale
Catylist Listing ID: 29899687
Property Subtypes: Industrial
Gross Land Area: 44 Acres
Sale Price: $3,750,000
Unit Price: $85,227 Per Acre
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 7/29/2020

Overview / Comments

A river survey was recently conducted by USACE (3/2020) and site is within the 25' USACE project area, current depths estimates are available per the USACE survey. Details regarding USACE project will be made available to interested parties. CSX rail spur into the river portion of the site must be re-built (5k lf - approximate cost $750-1.2MM). With close proximity to I-140, trucking logistics will allow for efficient movement throughout the region. Property is served by CFPUA for water and sewer. Additionally, the Lower Cape Fear Water Authority has the ability to provide Raw Water Supply to the site. Site is zoned I-2 Industrial providing for a broad range of both Heavy and Light Industrial Uses. The site also lies within one of three Port Enhancement Zones in New Hanover County, meaning a potential user could qualify for additional state tax credits for jobs and investment. Additional incentive programs available through State, Regional and Local Economic Development Organizations.

DIRECTIONS: Property is located on the west side of US Highway 421N within 1 mile north of the Isabel Holmes Bridge, one parcel north of the Eagle Island convenience store.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: 311904.52.2258.000
Zoning: NEW HANOVER COUNTY: I-1
Site Description: IN CITY LIMITS: No
Development Name: Captains Quarters

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,132 3,261 27,102
Median Age: 36.78 35.76 36.84
Households: 827 1,287 11,284

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