Approved New Development / 6 Buildable Lots

Vacant Land for Sale
Catylist Listing ID: 30757608
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 1.20 Acres
Sale Price: $750,000
Unit Price: $625,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/14/2022

Overview / Comments

Unique marsh-front 1.2 acres located at the corner of Rogersville Road and Wrightsville Ave. Marsh Pointe is approved for 6 buildable lots, 3 waterfront and 3 with water views, see attached ''Address Addendum''. Waterfront courtyard design reflects historic Wilmington with saltwater marsh views on Bradley Creek. Location offers convenient proximity to Wrightsville Beach, Cross City Trail and Mayfaire Town Center. Residents will enjoy over .25 acres of open space along the waterfront for recreation use and much more! Additional features include decorative LED street lighting and a beautiful stone aggregate split face block wall surrounding the parcels.
Marsh Pointe infrastructure includes a multi-use pathway to Rogersville Road and sidewalk along Wrightsville Avenue. Complete sewer and water tap with split irrigation service vaults. Concrete driveway entrance with common asphalt paving includes individual driveway aprons. All Lot prep grading complete for immediate home construction. As build Survey work is completed, lot boundaries are located, and iron staked. Subdivision Plat for R5 zoning regulations approved and recorded by City of Wilmington. Marsh Pointe draft covenants are complete, pending buyer determination of suitability.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R05611-002-065-000/315713.04.0383.000 (see address addendum)
Zoning: R-5 CD
Property Visibility: Excellent
Largest Nearby Street: Wrightsville Ave
Zoning Description: Zoning is R-5 CD not R-15. du-tri-quadplexes are permitted by right in R-5, subject to amending CD approval from single to multifamily.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,202 56,001 125,002
Median Age: 36.53 36.17 36.86
Households: 2,387 23,319 53,546


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