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$1,100,000
Est. payment /mo
3.45 Acres Lot
UPDATED:
12/16/2024 07:28 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 100466458
Originating Board Hive MLS
Annual Tax Amount $565
Lot Size 3.450 Acres
Acres 3.45
Property Description
Introducing a prime land comprising three separate parcels totaling 3.45 acres, located just under 900 feet from the intersection of Carolina Beach Road and College Road in the bustling Monkey Junction area. This property sits directly across from the Home Depot driveway, making it a highly visible and accessible location. Sellers will consider seller financing of up to half of the purchase price with favorable terms.
Currently, the site includes two homes: a solid brick residence in decent condition and an older home that requires significant renovations or could be considered for demolition. The property is beautifully tree-lined, providing a picturesque setting with excellent potential for various uses. You could expand the residential footprint by adding more homes for a family compound or investment portfolio, or consider rezoning for commercial use, tapping into the high traffic and demographic advantages of the area. The property is adjacent to a multifamily apartment complex and is just steps from Myrtle Grove Middle School and Myrtle Grove Christian Academy, ensuring a steady flow of potential customers or residents.
With 188 feet of frontage and over 800 feet in depth, this site is ideal for retail, office, or multifamily development. Municipal water and sewer services are currently nearby with access from the adjacent apartment complex, adding to potential. While the property is currently zoned R15, it has previously held a special use permit for multifamily development, highlighting its versatility and potential for growth. Don't miss out on this exceptional opportunity to capitalize on a prime location with endless possibilities!
Currently, the site includes two homes: a solid brick residence in decent condition and an older home that requires significant renovations or could be considered for demolition. The property is beautifully tree-lined, providing a picturesque setting with excellent potential for various uses. You could expand the residential footprint by adding more homes for a family compound or investment portfolio, or consider rezoning for commercial use, tapping into the high traffic and demographic advantages of the area. The property is adjacent to a multifamily apartment complex and is just steps from Myrtle Grove Middle School and Myrtle Grove Christian Academy, ensuring a steady flow of potential customers or residents.
With 188 feet of frontage and over 800 feet in depth, this site is ideal for retail, office, or multifamily development. Municipal water and sewer services are currently nearby with access from the adjacent apartment complex, adding to potential. While the property is currently zoned R15, it has previously held a special use permit for multifamily development, highlighting its versatility and potential for growth. Don't miss out on this exceptional opportunity to capitalize on a prime location with endless possibilities!
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning R-15
Direction From S College left to Piner Road, Parcels will be on your left
Location Details Mainland
Rooms
Other Rooms See Remarks, Main House
Exterior
Utilities Available Municipal Water Available
Building
Sewer Septic On Site
Schools
Elementary Schools Bellamy
Middle Schools Myrtle Grove
High Schools Ashley
Others
Tax ID R07600-002-011-000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition None
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Listed by Sold Buy the Sea Realty
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