Industrial Land For Sale

Vacant Land for Sale
Catylist Listing ID: 30676645
Property Subtypes: Industrial, Office
Gross Land Area: 4.94 Acres
Sale Price: $49,000 Per Acre
Total Price: $242,060
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/9/2021

Overview / Comments

4.94+/- Acres of Light Industrial Land For Sale

Crowatan Road currently dead-ends into the property.

Rail is running the full length of the property's southern border.

Parcel is not located within the flood zone according to the FEMA Guidelines.

Sewer is on Blue Clay Road, 12" Forced main and Water is being put in on Hermitage Road 400 feet from property, engineering has been underway

Minutes from Interstate 140 bypass with easy ingress and egress from Castle Hayne Road On/off Ramp. I-140 allows for access to Interstate 40, Highway 74 or Highway 17.

North Carolina as a whole is expected to be the 7th most populated US state by 2030. In all, 65 of America's largest 100 cities lie within a two-day radius of the region.

This tract of land is located in New Hanover County, North Carolina. Wilmington is a 250 year old port city. Wilmington is the largest city in southeastern North Carolina and is the epitome of what the emerging New South is all about.

Its inviting business climate has attracted giants like G.E., Dupont, Corning, Alcami, Verizon and PPD.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R02500-002-028-000
Zoning: I-1 INDUSTRIAL DISTRICT
Property Located Between: Hermitage Road & I-140
Property Visibility: Good
Legal Description: PARCEL 1 ARMSTRONG DEV PT OF BLUE COVE
Largest Nearby Street: Castle Hayne Road
Traffic/Vehicle Count: 11,000
Airports: ILM
Area Description: Industrial centric with GE Aviation and others
Lot Frontage: 485'
Lot Depth: 275'
Zoning Description: I-1 - The purpose of the Light Industrial (I-1) District is to provide lands to accommodate light industrial development and associated operations, including assembly, fabrication, packaging, and transport, where operations are conducted primarily indoors and where suitable sites are served by rail, a waterway, and/or a highway transportation system as well as readily available utilities. I-1 districts are intended to support the development of commerce and employment clusters as recommended in the Comprehensive Plan. Heavy industrial uses in which raw materials are converted into products for subsequent assembly or fabrication or where uses create an excessive amount of noise, odor, smoke, dust, airborne debris, or other objectionable characteristics that might be detrimental to surrounding areas are not appropriate in the I-1 district.
Easements: Ingress/Egress
Easements Description: Crowatan Road to be extended providing frontage and access. Drainage easement along the rear of the property

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,584 14,511 44,626
Median Age: 41.06 37.85 35.01
Households: 628 5,438 17,998
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