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: 2/14/2021

Overview / Comments

The overall property is segmented by the new north - south oriented Marjorm Road. The portion to the east of the road consists of approximately 8.69 acres recently Zoned RMF-L (83 Units at 10 du/ac), and is primarily wooded. This portion is drained by a ditch extending along the western property edge including Marjorm.
The portion fronting North Kerr consists of approximately 2.54 acres and is cleared. It is under Wilmington zoning (R-10), and presents a unique opportunity for a style of single family development to coincide with the mating RMF-L portion. This R-10 authority extends across Marjorm for a short distance. The acreage fronting Kerr has no direct connectivity to Kerr, and uses Marjorm for access.

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) & RMF-L (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 Marjorm.
Lot Frontage: 299 on North Kerr. 153 plus on Marjorm.
Zoning Description: R-10 City, RMF-L NHC
Easements: Pipelines, Electric Lines
Easements Description: Duke Energy 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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