Homes for sale - 0 Ocean Highway West, Ocean Isle Beach, NC 28469

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Tiffany Kirkpatrick

coastalrealestate@tiffanyandcrew.com +1(910) 787-1578

$ 1,100,000

Est. payment | -/mo

45.2 Acres Lot

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$ 1,100,000

Est. payment | -/mo

Save

45.2 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Not In Subdivision

MLS Listing ID 100416164

HOA Y/N Yes

Originating Board Hive MLS

Annual Tax Amount $138

Lot Size 45.200 Acres

Acres 45.2

Property 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.

Location

State NC

County Brunswick

Community Not In Subdivision

Zoning CLD

Direction Highway 17 South towards South Carolina. Pass old Shallotte Rd NW and the property is about a mile on the left hand side.

Location Details Mainland

Rooms

Other Rooms None

Exterior

Amenities Available No Amenities

Schools

Elementary Schools Union

Middle Schools Shallotte Middle

High Schools West Brunswick

Others

Tax ID 2120002110

Special Listing Condition None

Hive MLS / (NCRMLS) / Cape Fear Realtors

Listed by Berkshire Hathaway HomeServices Carolina Premier Properties

GET MORE INFORMATION

Tiffany Kirkpatrick

REALTOR® | Lic# 298806

coastalrealestate@tiffanyandcrew.com

+1(910) 787-1578

445 Western Boulevard Suite I, Jacksonville, NC, 28546, USA

0 Ocean Highway West Ocean Isle Beach, NC 28469

Tiffany Kirkpatrick

Key Details

Location

Rooms

Exterior

Schools

Others

0 Ocean Highway West