$2,700,000

884 Cheshire Road

Rocky Point NC, 28457

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, the offering also includes a cellular tower ground lease set to escalate April 1 2022. A 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.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 at the NC-133 frontage. This tract could potentially support 300 or more single family residential lots with the appropriate infrastructure. A Planned Unit Development including townhouses or multifamily may provide even more density.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. These conditions create incredible opportunity for new housing developments in the area. Pender County is historically favorable to residential development with fewer barriers to entry than other counties in the region.Showings by appointment only, Listing Agent must be present.

Details

MLS#100270561
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site135

Features

ZoningRP
Acreage135.00
Loading Form
Area Information
StateNC
CountyPender
CityRocky Point
Zip Code28457
AreaPender
Community NameNot In Subdivision
Listing VS Median (in Not In Subdivision)
Price:
$2,700,000
low | high
Med:
$174,950
100% of Average
On Site:
135
low | high
Med:
13
100% of Average
Sourced by Back At You
Listing Updated: September 21, 2021 8:53:43 PM PDT
Eric G Knight LogoMLS Number: 100270561
Listing Provided By:
Eric G Knight  of  Nest Realty
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