58.71 Acres on Cape Fear River

Vacant Land for Sale
Catylist Listing ID: 30545374
Property Subtypes: Industrial, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Other
Building Status: Proposed
Gross Land Area: 58.71 Acres
Sale Price: $6,550,000
Unit Price: $111,565 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/26/2021

Overview / Comments

58.71 acres total (2 separate parcels) deeded along the Cape Fear River within the Federally Designated Economic Opportunity Zone. This property is adjacent to the recently sold former Rampage Boat Factory. Deeded highway access along Cedar Hill Road and Quality Drive close to the Cape Fear bridge and I-140 bypass. Several hundred feet of Cape Fear River front with deep water access and grandfathered in dock access that can be restored. Within eyesight of the port of Wilmington. CSX Rail on the property with right of way and spur leases maintained. This property is well suited for a light manufacturing facility or with the establishment of an appropriate buffer zone a small housing development. Quick access to downtown Wilmington and ILM Airport (less than 15 minute drive)

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County and Town of Navassa
Tax ID/APN: Parcel1 03000006 and Parcel2 0240000308
Zoning: NA-HI
Property Located Between: Boarders both Cedar Hill Road and Quality Drive
Legal Description: See tax documents
Highway Access: Approximately 377 feet of deed property, parcel#2, access on Cedar Hill Road for construction of property access roadway
Rail Access: Yes
Airports: ILM approx 20 minutes away
Easements Description: CSX Railway at edge of property bordering Quality Drive

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,338 12,286 46,242
Median Age: 36.1 40.8 38.51
Households: 895 5,064 19,888

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