2535 Castle Hayne Rd Wilmington NC 28401

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30257492
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail
Status: Pending
Gross Land Area: 12.13 Acres
Sale Price: $3,500,000
Unit Price: $288,540 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Last Updated: 7/22/2019

Overview / Comments

Rare “On Market” opportunity for income producing retail. Includes +/-10 acres excess property suitable for Multi Family development. Wrightsboro is poised for explosive growth as one of few areas for future development in New Hanover County. Core jobs at GE, new FedEx facility, and ILM airport. Many other local businesses within 2-mile radius of subject.

Property is contiguous to Food Lion, McDonalds and new SFR project. Less than a mile Bill Clark Homes is building Hanover Lakes a 232-unit SFR.

NOI from three retail properties available with NDA.

Highest and Best use for excess +/-10 acres is multi-family or high density SFR. A sketch plan for 192 apartments was drafted and received favorable review from county planners.

1.6 Miles I-40 Ramp
2.1 Miles from Airport
4.0 Miles from Downtown

Property is in walking distance to numerous restaurants, retail stores, dry cleaners, grocery, c-store, and more.

Call listing broker for more info.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover
Tax ID/APN: R0330-001-039-000; R03300-001-013-000; R03300-001-059-000; R03300-001-014-000; R03300-001-060-000
Zoning: B-2 & R-15
Property Located Between: Located at the intersection of Castle Hayne Rd and N Kerr Ave
Property Visibility: Excellent
Largest Nearby Street: Castle Hayne Rd
Traffic/Vehicle Count: 16,000
Highway Access: 1.6 Miles I-40 Ramp
Airports: 2.1 Miles From Airport ILM
Area Description: At the signaled intersection of Castle Hayne Rd and N. Kerr Ave
Topography: Level
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,001 21,462 88,054
Median Age: 41.65 34.29 34.16
Households: 660 8,816 37,254
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