8.19 Acres for Sale - R-15 Zoning

Vacant Land for Sale
Catylist Listing ID: 30046664
Property Subtypes: Residential (Single Family)
Gross Land Area: 8.19 Acres
Sale Price: $800,000
Unit Price: $97,680 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/20/2018

Overview / Comments

This 8.19 Acre tract is located in Southern New Hanover County off of Hwy 421 / Carolina Beach Road. It is in between the Grove Plantation Development and the new Myrtle Landing Townhome Community. Water and Sewer is located in Grove Plantation as well as access points to the property for interconnectivity to the neighborhoods.

R-15 Zoning allows 2.9 Residential Units per acre. High Density may be achievable through rezoning or conditional use permitting, purchaser may want to investigate that potential.

Located near the Southern New Hanover County School complex with Ashley High School, Anderson Elementary and Nobel Middle Schools are located across the street from this property.

New residential growth is occurring at a steady rate and with demand for new land tracts for residential developers we don't anticipate this property staying on the market for long.

Please see the aerials and photos of this property.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R07918-004-001-000
Zoning: R-15
Property Located Between: at the end of heathcliff rd
Property Visibility: Excellent
Largest Nearby Street: Carolina Beach Road
Highway Access: Right Turn on to Highway 421/Carolina Beach Road.
Site Description: Vacant Cleared Land, currently used as horse pasture.
Easements: Ingress/Egress, Utilities
Easements Description: Access Easement in place to connect to Faulkenberry in the Grove Point development north of the property. Water and Sewer are located in Grove Point.
Available Utilities: Water, Gas, Sewer

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,753 23,529 47,060
Median Age: 46.03 40.27 40.12
Households: 1,137 9,489 20,064
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