READY TO BUILD RIVERFRONT CONDO SITE

Vacant Land for Sale
Catylist Listing ID: 30599231
Property Subtypes: Multi-Family
Gross Land Area: 3.13 Acres
Sale Price: $1,600,000
Unit Price: $511,182 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/26/2020

Overview / Comments

TURTLE CAY LUXURY CONDOMINIUM DEVELOPMENT

SPECTACULAR WATERFRONT SITE!

RIVER AND MARSH FRONT PADS FOR LUXURY CONDOMINIUMS – FULLY DEVELOPED* AND READY TO BUILD!

The Ultimate in Cape Fear Living! Located along the Cape Fear River and offering beautiful views overlooking the river and marsh, there is no better location for Luxury Condominiums. Buyers will flock to these spectacular views, stunning sunsets, awesome ships, wildlife and more! Convenient to both Downtown and Carolina Beach, located on River Road just south of Sanders Road and River Lights. The timing is perfect to take advantage of the unsurpassed interest in that area.

Approved for three buildings, and a total of 27 Luxury Condominiums, this is fully developed* and ready for construction to begin immediately. And to make it even better, these are not in the 100 year flood plain!!

*Water, sewer, storm water system, Duke Energy, curbing and stone, clearing are all complete-only asphalt is needed!

Additional Details

Nearest MSA: Wilmington
County: New Hanover
Tax ID/APN: R07800-006-101-000
Zoning: R-15
Property Visibility: Excellent
Legal Description: FEDERAL POINT (PROPOSED TURTLE CAY TRACT)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,426 29,699 72,102
Median Age: 36.04 38.87 40.8
Households: 2,260 12,196 30,338
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