3925 Carolina Beach Road, Wilmington, NC 28412 (MLS# 100435096)
3925 Carolina Beach Road, Wilmington, NC 28412
$1,850,000
Property Type:
Land
Lot Size (sq. ft.):
97,139
Status:
Active
Current Price:
$1,850,000
List Date:
3/26/2024
Last Modified:
12/30/2024
Description
3925 Carolina Beach Rd presents a unique and rare opportunity for a developer to create a multi-family Planned Unit Development in the rapidly developing Carolina Beach RD corridor. Located just south of the Independence BLVD intersection, this 2.23 acre parcel holds the opportunity for 37 residential units with rezoning to MD-17. Density may be increased to 80 units if at least 10 percent of the total number of residential units are designated as workforce housing.
The property borders Breezewood Condominiums (zoned MD-17) and adjacent to 3913 Carolina Beach Rd, a 225 unit residential development currently rezoning from R-15 to MD-17.
Owner will authorize conditional rezoning application during an examination period.
The property currently operates as a mobile home park. Please do not disturb the tenants.
More Information MLS# 100435096
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2024-03-26
Sub-Type: Residential Land
Listing Price: 1850000
Current Price: $1,850,000
List Price/Acre: 829596.41
Stipulation of Sale: Standard
Location Information
Street #: 3925
Street Name: Carolina Beach
Street Suffix: Road
County: New Hanover
State/Province: NC
Zip Code: 28412
City Limits: Yes
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.172837
Geo Lon: -77.922517
Remarks and Showing
Directions to Property: South of Carolina Beach Dr and Independence BLVD
Sign on Property: No
Property Exterior Info
Acres - Total: 2.23
Lot SqFt: 97139
Deed Restriction: No
Total Road Frontage: 300
Waterfront: No
Waterview: No
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 310100
Deed Book: 6404
Deed Page: 2897
Legal: TR 1 F L LEWIS MASONBORO
Broker Owner: No
PID: R06500-003-025-000
Tax Identifier: R06500-003-025-000
Plat Book: n/a
Plat Page: n/a
Total Real Estate Property Taxes: 2620.35
Special Assessments: None
Tax Year: 2023
Zoning: R-15
HOA: No
Cobra Zone: No
Elementary School: Williams
Middle School: Myrtle Grove
High School: Ashley
Soil Evaluation
Other: Unknown
Property Features
Current Use: Mobile Home Park
Bldgs on Property: Manufactured Home
Soil Evaluation: Soil Evaluation - No
Topography: Cleared; Wooded
Fuel Tank: None
Environmental Hazard: Unknown
Lot Description: Development
Utilities: Sewer Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
HOA and Neigh Amenities: No Amenities
Terms: 1031 Exchange; Cash
Listing Office: Coastal Properties
Last Updated: December - 30 - 2024
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