North Kerr Avenue

Vacant Land for Sale
Catylist Listing ID: 30384334
Property Subtypes: Multi-Family, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 11.23 Acres
Sale Price: $3,950,000
Unit Price: $351,736 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/9/2020

Overview / Comments

The property is bisected by the new Sagedale extension. The portion to the east of the road extension consists of approximately 8.69 acres and is mostly wooded. This portion is drained by a ditch extending along the western property edge including the new road extension.

The portion fronting North Kerr consists of approximately 2.54 acres and is cleared. It is under Wilmington zoning, and this authority extends across Sagedale extension (new road to be named) for a short distance.

A survey is available to interested parties.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover
Tax ID/APN: See Addendum
Zoning: R-10 (CITY) & R-15 (NHC)
Property Located Between: Kerr Avenue, Sagedale, New Centre, & MLK Parkway
Property Visibility: Good
Legal Description: See Addendum
Largest Nearby Street: North Kerr & New Centre
Highway Access: North Kerr and New Centre
Airports: Wilmington
Site Description: Wooded, partially cleared along Kerr and Sagedale extension.
Lot Frontage: 299 on North Kerr. 153 plus on Sagedale Extension
Zoning Description: R-10 City, R-15 NHC
Easements: Pipelines, Electric Lines, Utilities
Easements Description: CP&L along southern property line.
Available Utilities: Electric
Water Service: Other
Sewer Type: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,046 68,482 124,629
Median Age: 28.45 32.81 36.35
Households: 4,199 29,073 53,345

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