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884 Cheshire - Cheshire Tract 135 Acres of Residential Land Offered at $3,420,004 CAD in Rocky Point, NC 28457

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INVESTMENT HIGHLIGHTS

  • In the path of growth
  • Great location
  • 20 minutes from Downtown Wilmington

EXECUTIVE SUMMARY

Many possibilities from farm use, timber investment, residential development, event venue, recreational land and more.

PROPERTY FACTS

Price $3,420,004 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Hold For Development
  • Hold For Investment
  • Manufactured Homes or Mobile Home Park
  • Master Planned Community
  • Planned Unit Development
  • Single Family Development
  • Winery or Vineyard
Total Lot Size 135.00 AC
No. Stories 1
Opportunity Zone Yes
Zoning RP - allows for neighborhood-scale development. It's designed to be sensitive to the character of existing residential areas.

1 LOT AVAILABLE

Lot

Price $3,420,004 CAD
Price Per AC $25,333.36 CAD
Lot Size 135.00 AC

50% cleared and broken up into fully fenced pasture land, 50% wooded. Three man-made ponds on property, a +/-4,000sf home built from timber harvested from the tract and two long barns.

DESCRIPTION

+/-135 acre parcel prime for residential development, working farm or ranch, wedding venue and more. Approximately half the acreage is cleared and includes three man-made ponds with drainage while the wooded half is ready for timbering. A +/- 4,000sf single family residence custom built with timber harvested from the site sits close to the road frontage and would make an excellent neighborhood clubhouse or farm homestead once renovated. A field wetland delineation performed November 2022 found extremely sparse wetlands totaling only .62 acres. These are now flagged and ready for Corps of Engineers confirmation. A copy of the wetland sketch is attached in the documents section. Situated between NC 133 and NC 210 the location provides easy access to the booming Pender Commerce Park and other employers in the US 421 Corridor plus is within 15 miles of most major Wilmington Area employers, easy access to I-40, area beaches and Wilmington proper. The subject is located within a federally designated Opportunity Zone, providing an extremely favorable avenue to offset gains without the constraints of a 1031 exchange. Residential Performance zoning provides 15,000sf lots with septic by-right and 12,000sf lots with connection to municipal or community water and sewer systems. Municipal water is available via an 8” main at the road frontage, natural gas is available at the road frontage as well. The Wilmington MSA was recently found to be number one in the country for inbound moves and has been experiencing an increasingly severe housing shortage for years. Showings by appointment only, Listing Agent must be present.

  • Listing ID: 31518658

  • Date on Market: 2024-04-16

  • Last Updated:

  • Address: 884 Cheshire, Rocky Point, NC 28457

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