35.87 Acres R7500

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30436842
Property Subtypes: Multi-Family, Residential (Single Family)
Status: Pending
Gross Land Area: 35.51 Acres
Sale Price: $500,000
Unit Price: $14,080 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/13/2019

Overview / Comments

THESE 35.51+/- ACRES OF PRIME DEVELOPMENT LAND ARE LOCATED AT OCEAN HIGHWAY WEST JUST SOUTH OF SHALLOTTE, NC IN THE OCEAN ISLE BEACH, NC COMMUNITY WITH DIRECT ACCESS TO THE MAJOR US 17 HIGHWAY AND ADJOINS THE NEIGHBORING TALL PINES PLANTATION JUST NORTH OF OCEAN RIDGE PLANTATION, HOME OF FOUR SIGNATURE GOLF COURSES. THIS IDEAL SUBJECT PROPERTY IS SIX MILES TO OCEAN ISLE BEACH AND TEN MILES TO SUNSET BEACH, ( or to Calabash for the most famous seafood restaurants), SITUATED PERFECTLY BETWEEN THE CHARM OF HISTORIC WILMINGTON, NC AND THE ADVENTURE OF MYRTLE BEACH SC, WITHIN MINUTES OF ALL THE SHOPPING DINNING AND ENTERTAINMENT THAT COASTAL CAROLINA HAS TO OFFER! ALSO ADJOINED TO COMMERCIAL LAND TRACTS FRONTING OCEAN HIGHWAY W AND SEVERAL RESIDENTIAL TRACTS, THIS PROPERTY SHOULD BE A GREAT INITIAL INVESTMENT FOR A FUTURE MIXED-USE OR PLANNED DEVELOPMENT COMMUNITY. THE LAND IS BEING LEASED TO A LOCAL TURF AND SOD FARMING BUSINESS.

Additional Details

Nearest MSA: Myrtle Beach-Conway-North Myrtle Beach
County: Brunswick
Taxing Authority: BRUNSWICK COUNTY, NC
Tax ID/APN: 2120002801
Zoning: CO-R-7500
Property Located Between: SHALLOTTE, NC and SOUTH CAROLINA STATE LINE
Property Visibility: Excellent
Legal Description: L-B 35.87 ACRES PLAT 6825 OFF US 17
Largest Nearby Street: US 17 OCEAN HIGHWAY W
Traffic/Vehicle Count: 25,000
Highway Access: THIRTY FOOT ACCESS
Airports: MYRTLE BEACH INTERNATIONAL and WILMINGTON INTERNATIONAL
Site Description: GENTLY SLOPING WITH CLEARED AND WOODED SECTIONS TO THE REAR WITH MINIMAL BACK ACREAGE IN A FLOOD PLAIN ADJOING THE SHALLOTTE RIVER.
Area Description: SITUATED AT THE HEAVILY TRAVELED AND COMMERCIAL FRONTAGE DEVELOPED US HIGHWAY 17, OCEAN HIGHWAY W, NEAR THE INTERSECTION OF NC HIGHWAY 904.
Lot Frontage: 500+/- FEET
Lot Depth: 3,000+/- FEET
Zoning Description: BRUNSWICK COUNTY NC R-7500 DISTRICT IS ESTABLISHED TO PROVIDE FOR ORDERLY SUBURBAN RESIDENTIAL DEVELOPMENT WITH A LIMITED NUMBER OF COMMERCIAL AND CIVIC USES,
Development Name: ADJOINS TALL PINES PLANTATION
In Flood Plain?: Yes
Topography: Gently Sloping
Soil Type: Mixed
Available Utilities: Electric, Water, Cable, Internet Access
Water Service: Municipal
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,131 3,712 14,621
Median Age: 62.61 47.61 51.47
Households: 537 1,581 6,645
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.