Development land for sale - Hwy 17 frontage

Vacant Land for Sale
Catylist Listing ID: 30801268
Property Subtypes: Agricultural, Hospitality, Mobile Home Park, Multi-Family, Office, Residential (Single Family), Retail, Retail-Pad, Self Storage, Vacation/Resort
Gross Land Area: 45.20 Acres
Sale Price: $1,900,000
Unit Price: $42,035 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/20/2022

Overview / Comments

Approximately 45.2 acres zoned CLD with over 350' of HWY 17 (Ocean Highway) frontage.

Close to Shallotte's fast-growing downtown, this is an ideal site for a combination of residential and/or commercial development. The adjacent parcel(s) could potentially be included in a purchase. Two parcels to the west total 105 acres, and the parcel to the east is approximately 58 acres.

Based on market demographics and recent transactions in the immediate area, a built for rental community (BFR/SFR) may be highest and best use.

Seller is ordering an updated wetlands survey, which will be made available to interested parties.

Utilities are at the highway - buyer will need to consult with Brunswick County Utilities to confirm accessibility/capacity for their project.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: 21200010
Zoning: CLD (COMMERCIAL LOW DENSITY)
Property Visibility: Excellent
Largest Nearby Street: US Hwy 17 (Ocean Highway West)
Feet of Frontage: 361
Topography: Level
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 3,403 16,976
Median Age: 47.01 50.63
Households: 1,431 7,632
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