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Address Not Published

Wilmington, NC 28401
  • $625,000
  • STATUS: Active
  • ON SITE: 846 Days
  • MLS #: 100221247
UPDATED: 62 min ago
$625,000
  • 0
    BEDS
  • 4.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Combination Commercial and Residential Land Development property available on Castle Hayne Road. This property consists of 4.28 acres. This land is made up of three parcels(2723, 2725 and 2727 Castle Hayne Road). The front portion of the property has close to 300 feet of Castle Hayne Road Street frontage. The Front(East)portion of the land is zoned B-1 and the North-West portion of is zoned R-20. Currently there are 3 rental houses on the property, two of which are occupied by tenants.SPECIFIC INTENT OR ACCEPTED AGREEMENT NECESSARY TO VIEW HOME INTERIORS. Photos now online. Current monthly rental income is $2,225(tenants pay all utilities and lawn maintenance).The property is mainly being marketed for the land value but the additional income would be beneficial through the planning and development stage.The two zoning classifications enable you to have a business type use on Castle street and tie in a appropriate R-20 use on the back property. Sub-dividing the property is a possibility but the sellers are not going to split up the parcels.Homes are being sold as-is. Any Square Footage listed is only an estimate provided by owners and has not been verified. The northern-most home was recently severely damaged by fire. Prior to this it rented for $575 per mo.This is located close to I 1-40 bypass, Downtown Wilmington, ILM Airport and all the growing development in the Castle Hayne Area.

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© 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2022-10-03T08:04:04.323.
www.beachtimerealty.llc/homes/106658266
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Address Not Published Wilmington, NC 28401

  • Price: $625,000
  • Status: Active
  • On Site: 846 Days
  • Updated: 62 min ago
  • MLS #: 100221247
0
Beds
0
Baths
0
½ Baths
4.28
Acres
Neighborhood:
Not In Subdivision
County:
New Hanover
Area:
Wilmington
Elementary School:
Castle Hayne
Middle School:
Holly Shelter
High School:
Laney
School District:
New Hanover
Property Description
Combination Commercial and Residential Land Development property available on Castle Hayne Road. This property consists of 4.28 acres. This land is made up of three parcels(2723, 2725 and 2727 Castle Hayne Road). The front portion of the property has close to 300 feet of Castle Hayne Road Street frontage. The Front(East)portion of the land is zoned B-1 and the North-West portion of is zoned R-20. Currently there are 3 rental houses on the property, two of which are occupied by tenants.SPECIFIC INTENT OR ACCEPTED AGREEMENT NECESSARY TO VIEW HOME INTERIORS. Photos now online. Current monthly rental income is $2,225(tenants pay all utilities and lawn maintenance).The property is mainly being marketed for the land value but the additional income would be beneficial through the planning and development stage.The two zoning classifications enable you to have a business type use on Castle street and tie in a appropriate R-20 use on the back property. Sub-dividing the property is a possibility but the sellers are not going to split up the parcels.Homes are being sold as-is. Any Square Footage listed is only an estimate provided by owners and has not been verified. The northern-most home was recently severely damaged by fire. Prior to this it rented for $575 per mo.This is located close to I 1-40 bypass, Downtown Wilmington, ILM Airport and all the growing development in the Castle Hayne Area.
Exterior Features

Buildings On Property Main HouseSee Remarks Fencing None Location Type Mainland Lot Description Multi-Zones Lot Dimensions Varies Lot Water Features None Road Type Frontage PavedPublic (City/Cty/St)Unpaved Topography Level Total Road Frontage 300 Waterfront No Waterview No

Interior Features

Soil Evaluation Soil Evaluation - No

Property Features

Auction No City Limits No Cobra Zone No County Taxes 3728.00 Current Use CommercialOfficeResidentialRetail Deed Restriction No Electric Provider Duke Progress Energy Environmental Hazard Unknown Federal Flood Ins Available Yes Fuel Tank None Hoa And Neighborhood Amenities No Amenities Hoa YN No Land Sub Type Mixed Use Possession At ClosingSubject To Tenant Rights Property Taxes 3728.00 Secondary Subdivision N/A Tax Year 2019 Terms CashConventional Water Provider Cape Fear Public Utility Authority Water Sewer Municipal WaterSeptic On Site Zoning B-1 And R-20



Listing information © 2022 NCRMLS
Listing courtesy of Don Spiers of Intracoastal Realty Corp: (910) 256-4503.


© 2022 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2022-10-03T08:04:04.323.
 
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Beach Time Realty, LLC
9869 Ocean Hwy West, Ste 2
Carolina Shores NC, 28467