B-2 Commercial - 3.79 Acres - Corner Hwy 117 and Hwy 132

Vacant Land for Sale
Catylist Listing ID: 30793064
Property Subtypes: Residential (Single Family), Self Storage
Gross Land Area: 3.79 Acres
Sale Price: $1,137,000
Unit Price: $300,000 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/24/2022

Overview / Comments

We have extensive due diligence items to help firm up the understanding potential buyers may need.

This is a remnant parcel adjacent to the owners development (Please note the property gross acreage may shift by +/- unknown right now as we finalize plans with the DOT, Stormwater and CFPUA). Please note a NDA/ CA will need to be signed with buyer to divulge the current sellers plans and that way site synergy can be achieved.

Perfect location for townhomes, mini storage or small flex space development.

Shared access to the stormwater pond to allow for site development optimization. Overall Site Utilities will be provided but there is a potential cost share on those.

Located near Cape Fear Community College, GE Nuclear and Aviation, Holly Shelter Elementary School and the I-40/I-140 on and off ramps. The site sits just south of the Castle Hayne Peanut and has access along Hwy 117. Site is wooded but zoned B-2 Highway Commercial. Site is in New Hanover County.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R01100-010-003-000
Property Located Between: Hwy 117 and 132
Property Visibility: Fair
Largest Nearby Street: N College Road
Highway Access: Direct to Hwy 117 (N College)
Airports: ILM
Site Description: Located in North Western New Hanover County. This site is a remnant tract from the original parcel. Lightly Wooded Property
Area Description: Growing Castle Hayne North Carolina. On the South side of what would be Downtown Castle Hayne. This tract is on the North College (117) side of the Property.
Lot Frontage: Irregular Shape
Lot Depth: Irregular Shape
Zoning Description: B-2-BUSINESS DISTRICT
Easements Description: Access - Stormwater

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,606 6,162 30,273
Median Age: 34.13 35.62 37.19
Households: 462 2,326 11,652
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