24+/- AC Residential Land in Wallace, NC

Vacant Land for Sale
Catylist Listing ID: 30716370
Property Subtypes: Residential (Single Family)
Gross Land Area: 24 - 36 Acres
Sale Price: $10,000 Per Acre
In Opportunity Zone? Yes
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/10/2022

Overview / Comments

Approximately 24 acres for sale. Adjacent 12 tract also available which is zoned Highway business. Another 7 acre tract is a possibility. A previous site plan is attached which has not been recently updated or recorded. A gravel road has been in place and occasionally used. The actual acreage to convey will be determined by survey paid for by the Buyer.

Additional Details

Nearest MSA: Wilmington
County: Duplin
Tax ID/APN: 331800140485
Zoning: RA-20
Property Located Between: I-40 and US 11 on NC HWY 41
Property Visibility: Good
Legal Description: A previous site plan is attached which has not been recently updated or recorded. Phase 2&3 of the development is complete.
Largest Nearby Street: NC HWY 41
Highway Access: I-40 intersection is approximately 1.5 miles from entrance to this community.
Airports: ILM and RDU
Zoning Description: R-20
Part of Planned Development?: Yes
Development Name: Eastwood Acres
Topography: Level
Easements: Electric Lines, Ingress/Egress, Utilities
Easements Description: 60' wide easement for access to an additional 7 Acres
Available Utilities: Electric
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,346 8,518
Median Age: 41.02 42.23
Households: 2,573 3,458
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