4.9 Acres Lot 184 Greenview Ranches off Plantation Road

Vacant Land for Sale
Catylist Listing ID: 30251105
Property Subtypes: Hospitality, Multi-Family, Residential (Single Family), Retail, Self Storage, Other
Gross Land Area: 4.90 Acres
Sale Price: $475,000
Unit Price: $96,938 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

Approximately five acres of unimproved land located at the end of Murrayville Road in Northern New Hanover County. Murrayville Road ends and a platted dirt road named Crooked Pine Road begins. This land has 470 feet of road frontage on Crooked Pine Road. No soil test have been performed on this land. Up the road there are residences on improved lands that have utilities, wells and septic systems. This land is located behind Quail Woods Subdivision which is off Murrayville Road. DOT has acquired lands in the area for the Military Cutoff Extension. Construction of the Military Extension has begun. Land would make a great estate or small subdivision. Zoned R-15. Land could possibly be rezoned for commercial. Duke Energy Northeast Project is determining the best routes for their new power lines in Greenview Ranches. There are residents with power, septic and well. NHCo has water wells located close by. Developer in the area is in the process of changing their zoning multiple housing units and some commercial may be going in. CFPUA has purchased 31 acres in the area. Possibly for water wells and green space. Ask CFPUA about it. Now is the time to purchase and hold for the future growth in the last frontier of New Hanover County.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Taxing Authority: New Hanover County
Tax ID/APN: R02700-001-004-003
Zoning: R-15
Property Located Between: Murrayville Road and I-140.
Property Visibility: Fair
Legal Description: Ranch 184 Section 7 Greenview Ranches Plat Book 29 Page 39
Largest Nearby Street: Murrayville Rd., Military Cutoff Extension Rd., I-140
Feet of Frontage: 470
Site Description: Unimproved land located at the end of Murrayville Rd which becomes Crooked Pines Rd. Hanover Development owns parallel land and is making plans for re-zoning for commercial and multi-housing. DOT Project R-3300A is the Military Cutoff Extension Rd that will meet up with I-140 with an exit and service road to Plantation Rd. DOT can not land lock this property so there will be access to property by Plantation Rd. and Crooked Pine Rd. Project can be seen at DOT website https://www.ncdot.gov/projects/US17HampsteadBypass . Military Cutoff Extension construction should be completed by Fall 2022. If there is a gate at end of Murrayville Rd. just push it open and continue down Crooked Pine Rd. (dirt road).
Area Description: Property is located at the end of Murrayville Rd where the dirt road becomes Crooked Pine Rd. There are many established neighborhoods and New Home construction in the area. One nearby developer has just acquired a R-10 zoning for multiple housing units. Once Military Cutoff Extension is complete the pricing may increase in that area. Now is the time to purchase.
Lot Frontage: 470
Lot Depth: 426.96
Zoning Description: Currently, R-15
Part of Planned Development?: Yes
Development Name: Greenview Ranches Plotted in 1962 never developed
Topography: Level
Easements Description: Recorded Plat shows 30' Right of Way on each North-South Property Lines on all parcels in Greenview Ranches. Recorded Plat show a 10' Easement for Drainage on the East- West Property lines.
Available Utilities: Electric
Water Service: None
Sewer Type: None

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 15,857 52,400
Median Age: 35.37 37.68
Households: 6,439 21,246


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