275 Ac With 13 Ac Pond Ideal For Residential Development

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30755312
Property Subtypes: Agricultural, Mobile Home Park, Multi-Family, Residential (Single Family), Self Storage
Status: Pending
Gross Land Area: 274.69 Acres
Sale Price: $1,100,000
Unit Price: $4,004 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

This is a really pretty site. Just under 275 acres with a 13-acre pond on the property. Low Brunswick County taxes and only a small AE flood hazard at the rear property line. Less than 1/2 mile from the Galloway Rd frontage to Highway 17. Bolivia is equidistant to Leland, previously a bedroom community to Wilmington now exploding with commercial growth, and Shallotte, the business hub for the South Brunswick Islands. New commercial development in Shallotte includes several franchise restaurants and Coastal Walk Marketplace which features Ulta, Ross, Marshalls, PetSmart, Hobby Lobby and Rack Room. The Shallotte Riverfront Redevelopment Project recently completed the riverfront boardwalk and is in planning phases for future commercial development to attract locals and tourists alike traveling the Main Street corridor.

The entrance to Brunswick Community College sits just across Highway 17, home to approximately 1,500 students with no student housing nearby. BCC recently announced the Brunswick Promise Scholarship which covers all in-state tuition, fees, and books for Brunswick County residents graduating from a Brunswick County school. BCC is also home to Odell Williamson Auditorium that hosts movies, events and concerts with bands like Blues Traveler and Shakey Graves.

Also across Highway 17 is COAST - Brunswick County's Center for Applied Science and Technology - serving all Brunswick County High School students with a diverse and dynamic set of classes focused on STEM and technical skills as well as a ninth grade academy designed to support students who are not academically ready for the traditional high school experience.

Just six miles from the property is the Brunswick County Government Complex, home to the Brunswick County Sheriff's Office, Brunswick County Courthouse and most other departments of Brunswick County Government. Mt. Olive Baptist Church sits on the Galloway Rd side of the Highway 17 crossing.

Brunswick County has recently been open to approving a variety of uses, higher density, etc.

Water/sewer is available at the intersection of Old Ocean Hwy and 17.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: Brunswick County
Tax ID/APN: PARCEL ID 15300001, PIN 212000897958
Property Visibility: Excellent
Largest Nearby Street: Galloway Rd NE
Feet of Frontage: 2,900
Zoning Description: https://library.municode.com/nc/brunswick_county/codes/code_of_ordinances?nodeId=PTICOOR_APXEUNDEOR_ART4ZODI_4.4REZODI RR: Rural Low Density Residential The Rural Low Density Residential District is intended to accommodate nonresidential agricultural uses and low density residential development, as well as limited nonresidential uses that are supportive of the County's traditional agricultural orientation including farming, silviculture operations and related activities. Development in this District should rely predominantly on individual wells and septic tank systems for domestic water supply and sewage disposal, respectively, although clustered residential development served by public water and wastewater systems may be allowed.
Topography: Level
Water Service: Municipal, Well
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,509 6,582
Median Age: 38.32 44.37
Households: 887 2,570
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