41.29 Residential Acres for Sale - Leland NC

Vacant Land for Sale
Catylist Listing ID: 30199823
Property Subtypes: Mobile Home Park, Multi-Family, Residential (Single Family)
Gross Land Area: 41.29 Acres
Sale Price: $1,100,000
Unit Price: $26,640 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/22/2019

Overview / Comments

This 41.29 acre tract of land is located just off the Mt. Misery Road exit in Leland NC. The Tract contains a beautiful lake and pond area. The zoning of R-6000 allows for up to a potential of 299 units on a estimated 20 Usable acres.

The site abuts the Leland Shopping Center which is anchored by Food Lion with a easement to the Food Lion center it makes for an easy point of access for grocery and other items for potential future residents.

This is a great development opportunity as the cost per lot has be placed at $6,350 per lot based on a change to R-10 Zoning. Property is Currently Zoned R-6000. Additionally adjacent parcels are available for purchaser to expand the development.

Sellers have in hand the survey, wetlands map and a phase 1 ESA. This site is clean and ready for development.

There is a gate on the property please call for showing(s).

This is a perfect tract of land for a starter home community.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Tax ID/APN: 02900004
Zoning: R6000
Property Located Between: Mt Misery Exit and I-140 Bypass.
Property Visibility: Good
Legal Description: 41.29 Acres
Largest Nearby Street: Mt. Misery Road / 74 -76
Highway Access: Nearby access to Highway 74 or I140 via on ramps.
Airports: ILM
Site Description: Gentle topography, two large lakes and a stream. Wetlands have been delineated. Approximately 21-22 +/- Usable acres. Water and Sewer are in the Road at Mount Misery.
Area Description: West Leland Area. located in-between the I-140 Bypass off ramps on 74/76 and Mount Misery Road. This Site is well positioned for easy access to Downtown Wilmington or to skirt the entire city and head to Raleigh or Myrtle Beach by accessing the bypass.
Zoning Description: R-6000
In Flood Plain?: Yes
Topography: Gently Sloping
Easements: Ingress/Egress, Utilities
Soil Type: Sandy
Available Utilities: Electric, Water, Gas, Sewer, Cable, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,196 24,572
Median Age: 38.52 37.37
Households: 6,213 9,834
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