Porters Neck Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30369795
Property Subtypes: Multi-Family, Residential (Single Family)
Gross Land Area: 39.21 Acres
Sale Price: $5,881,500
Unit Price: $150,000 Per Acre
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 1/21/2019

Overview / Comments

This family farm has been preserved as Wilmington and Porters Neck has developed around it. Great access and connections to adjacent developments. Great demographics and market statistics. Nearby amenities include Porters Neck Country Club, Eagle Point Golf Club, many great shopping and restaurant options, a new Chick-fil-A and Holiday Inn (under construction), Mayfair Shopping Center (5 miles), Wrightsville Beach (8 miles), UNC Wilmington (8 miles), Downtown Wilmington (11 miles).

*This is a private residence as the owner still lives on the property. An appointment must be made before viewing the property.

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R02900-004-009-000
Zoning: R15
Largest Nearby Street: Market Street
Site Description: Road Frontage: 953' on Porters Neck Rd, Market St, and Shiraz Way Dimensions: 4,600 length x 275' width - irregular
Zoning Description: Zoning: R15 Estimated lot yield for development under current zoning: 113 Owners will allow time for rezoning for the right buyer Suggested zoning: PUD

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,690 24,861 55,739
Median Age: 53.39 41.31 39.43
Households: 1,847 9,915 21,501

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