3.45 +/- Acres - Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30749256
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Self Storage
Gross Land Area: 3.45 Acres
Sale Price: $1,400,400
Unit Price: $405,913 Per Acre
Sale Terms: Cash to Seller
Last Updated: 9/17/2021

Overview / Comments

This Property is located (800 Feet +/- from intersection per mile) form the intersection of Carolina Beach Road and S College Road. Located across from the Village at Myrtle Grove Retail Shops.

The property sits on Piner road adjacent to Multifamily, Myrtle Gove Middle School, across from Myrtle Grove Christian Academy and is a major secondary road connecting the Masonboro Loop Rd and Myrtle Grove Rd to College and Carolina Beach Road. The traffic counts by the Wilmington Metropolitan planning organization show 22,039 CPD pass this property. Making it Highly trafficked as secondary road go.

The property is zoned R-15 which would require rezoning for commercial development. Please check with the Zoning Department of New Hanover County for your particular use.

** Please note that the DOT is making changes to the intersection of College and Carolina Beach which may or may not impact this property, potential purchasers are encouraged to speak with DOT ***

3 parcels for sale being sold together. There are a few houses on the property that add no value, the value is in the land.
641 Piner Rd (1.73 +/- acres)
635 Piner Rd (1.09 +/- acres)
633 Piner Rd (0.63 +/- acres)

1 additional adjacent parcel (2.79 +/- Acres) for sale and can be bought together. listing ID: #30729895

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R07600-002-011-002, R07600-002-011-000, R07600-002-011-001
Zoning: R-15- RESIDENTIAL DISTRICT
Property Located Between: S College Road & Carolina Beach Road Intersection and Myrtle Grove Road
Property Visibility: Excellent
Legal Description: PINER RD PT GRISSON, PT GRISSOM, PT GRISSON
Largest Nearby Street: Carolina Beach Road & S College Road Intersection
Feet of Frontage: 188
Traffic/Vehicle Count: 22,039
Highway Access: Take right, go to light and your on highway 421
Airports: ILM (25 min)
Site Description: Vacant land with trees and a few houses
Area Description: Monkey Junction Area of New Hanover County / Myrtle Grove area. Retail/Multifamily and Office Corridor.
Lot Frontage: 188 ft +/-
Lot Depth: 804 ft +/-
Zoning Description: The purpose of the Residential-15 (R-15) District is established to provide lands that accommodate very low to low density residential development that can serve as a transition between very low density residential development patterns and smaller lot, more dense residential areas of the County. District regulations discourage development that substantially interferes with the quiet residential and recreational nature of the district. The property is zoned R-15 which would require rezoning for commercial development. Please check with the Zoning Department of New Hanover County for your particular use.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,688 43,755 78,005
Median Age: 42.33 39.36 40.74
Households: 1,447 18,506 33,115
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