Viewing Listing MLS# 100416164
Ocean Isle Beach, NC 28469
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- N/ASqFt
- N/AYear Built
- 45.20Acres
- MLS# 100416164
- Land
- Residential Land
- Active
- Approx Time on Market5 months, 5 days
- AreaBrunswick (28469)
- CountyBrunswick
- SubdivisionNot In Subdivision
Overview
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.
Baths Info
Bedroom Info
Exterior Features
Fuel Tank: None
Financial
Tax Assessed Value: 11250
Total Property Taxes: 138.48
Tax Year: 2023
Stipulation Of Sale: None
List Priceacre: $28,761.06
Deed Restriction: No
HOA Info
Hoa Amenities: No Amenities
Lot Info
Lot Sqft: 1,968,912
Total Road Frontage: 358
Acres: 45.20
Waterfront: No
Road Type: Paved
Soil Evaluation: Soil Evaluation - No
Topography: Undeveloped
Misc Features
Special Assessments: None
Misc Info
Picture Timestamp: 2023-11-25 11:14:31
Environmental Hazard: Unknown
Other Rooms Info
Property Features
Property Info
Class Type: Residential Land
County: Brunswick
Cobra Zone: No
Zoning: CLD
Subdivision Original: Not In Subdivision
Secondary Subdivision: N/A
Water View: No
Marketing City: Ocean Isle Beach
City Limits: No
Sign On Property: Yes
Bldgs On Property: None
Room Features
Rooms Info
Sale / Lease Info
Class Sub Type2: B
Schools
School Elem: Union
School Middle: Shallotte
School High: West Brunswick
Utilities /HVAC
Courtesy of Berkshire Hathaway Homeservices Carolina Premier Properties