Commercial Acreage for Sale

Vacant Land for Sale
Catylist Listing ID: 30552664
Property Subtypes: Residential (Single Family), Retail, Self Storage
Gross Land Area: 3.09 Acres
Sale Price: $329,000
Unit Price: $106,472 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 9/30/2020

Overview / Comments

This is a tremendous opportunity for a buyer looking to cash in on high traffic numbers. Approximately 2 acres of this parcel is zoned Highway Business, and would be ideal for a convenient mart and restaurant. Access is directly off of Highway 41 and a cross access with the neighboring shopping center has been discussed and is possible.

The rear portion of the property is zoned R-20MH. A previous attempt to have this section rezoned to Highway Business received no opposition from the city, however the prospective buyer was unable to complete deal.

Attachments & Media

Additional Details

Nearest MSA: Wilmington
County: Duplin
Tax ID/APN: 09-4278
Zoning: HIGHWAY BUSINESS AND R-20MH
Property Located Between: I 40 and town of Wallace
Property Visibility: Excellent
Legal Description: Parcel #: 09-4278 Pin #: 330604829441
Largest Nearby Street: NC Hwy 41
Feet of Frontage: 355
Highway Access: Directly off of HWY 41
Site Description: Located in the Wallace ETJ
Area Description: Wallace is a very nice town off of I 40 in Duplin County. This site is located directly across from Wal-Mart and adjacent to many other retail users.
Lot Frontage: 355
Lot Depth: 450
Zoning Description: 1.985 Acres Highway Business 1.108 Acres R-20MH
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,881 6,346 8,518
Median Age: 41.82 41.02 42.23
Households: 2,022 2,573 3,458

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