Property Attributes
- MLS#100445804
- TypeLand
- CountyNEW HANOVER
- CityWilmington
- AreaBelmont
- NeighborhoodWilmington
- Zip28412
- StyleWooded
- Price$ 650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1.6 Acres
Data Source:
Cape Fear REALTORS® - NCRMLS
Property Description
Seize the opportunity to develop a prime tract of land in an emerging central location near the Cape Fear River, State Port, Novant New Hanover Regional Medical Center, historic downtown Wilmington, and just a short drive to area beaches. This expansive 1.6-acre property, currently zoned R-5, is in the process of entitlements to be subdivided into three lots, potentially allowing for the development of 19 residential units.This land offers an unparalleled opportunity for builders and developers looking to tap into a thriving real estate market. With the ability to subdivide and construct 19 individual homes, investors can maximize their return by selling each unit in a high-demand area. The property's strategic location and the growing demand for residential housing make it an ideal site for creating a vibrant new community.Capitalize on this rare chance to shape the future of a burgeoning neighborhood. This land is not just a piece of property, but a canvas for creating a prosperous residential enclave. Act now to transform this vision into a lucrative reality, and unlock the full potential of this exceptional development opportunity.
Price History | |
---|---|
5/21/2024 | Listed $650,000 |
General Features
Zoning | R |
---|---|
Status | Active |
Subdivision | Belmont |
Topography | Wooded |
County | New Hanover |
Stipulation of Sale | None |
Property Type | B |
HOA | No |
Tax Year | 2023 |
Special Assessments | n/a |
Cobra Zone | No |
Lot Sqft | 69696.00 |
Days on Market | 22 |
City Limits | Yes |
Sub-Type | Wooded |
Waterview | No |
City | Wilmington |
Geo Lat | 34.184412 |
Tax Assessed Value | 151500.00 |
Secondary Subdivision | N/A |
Street Name | Worth Drive |
Listing Member Name | The Rising Tide Team |
Geo Lon | -77.943696 |
Location Type | Mainland |
Co Listing Member Name | Bridget White |
Exterior Features
Waterfront | No |
---|---|
Fuel Tank | None |
Environmental Hazard | Unknown |
Soil Evaluation | Soil Evaluation - No |
Acres | 1.60 |
Street Suffix | Drive |
List Price/Acre | 406250.00 |
Total Road Frontage | 280 |
MLS Identifier | 20150918160742258811000000 |
Buildings on Property | None |
Road Type/Frontage | Public (City/Cty/St) |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool