Description

Approximately 45.2 acres zoned c-ld/r7500 with over 350 feet of road frontage on hwy 17 (ocean highway) in unincorporated brunswick county. proximity to fast growing shallotte is ideal for combination of residential and/or commercial development. based on market demographics and recent transactions in the immediate area, a built-for-rental community (bfr/sfr) may be highest and best use. utilities are at the highway - buyer will need to consult with brunswick county utilities to confirm accessibility/capacity for their project. pricing is based on density assuming existing zoning. c-ld allows for 7.3 single family/townhouse residential units/acre (with water/sewer) and 14 units/acre for multifamily. offering includes 3.12 acres zoned c-ld. r7500 allows for 2.9 units/acre without water/sewer and 5.8 units/acre with water/sewer. offering includes 42.08 acres zoned r7500. link to brunswick county udo is part of this listing. based on the acreage being offered, this would amount to a maximum of 287 units on 45.2 acres or $4,529/developed unit/lot with water/sewer. if buyer chooses to put multifamily in the c-ld portion, it could support 43 units on the 3.12 acres with highway frontage (approximately $7,650/door), while the r7500 section can provide 244 single family/townhouse units. most new construction single family and townhomes in the area are selling for $280,000 to $350,000. rental rates for similar products ranges from $1,350 - $2,600/month.

• Property Type

  Land

• County

  Brunswick

• Style

  Land

• AD ID

  47388384