$1,300,000 $6,781 est/mo Sourced by Back At You

0 Ocean Highway West,Ocean Isle Beach, NC 28469

Ocean Isle Beach NC, 28469

Share with a friend

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.

Details

MLS#100416164
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site238
Listing Provided ByBerkshire Hathaway HomeServices Carolina Premier Properties | Phil Marion
Buying Commision3%

Features

ZoningCLD
Acreage45.20

Market Activity 28469

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 10 minutes ago
StateNC
CountyBrunswick
CityOcean Isle Beach
Zip Code28469
AreaBrunswick
Community NameNot In Subdivision
School DistrictBrunswick County Schools
Listing VS Median (in Not In Subdivision)
Price:
$1,300,000
low | high
Med:
$279,900
100% of Average
On Site:
238
low | high
Med:
35
100% of Average
Sourced by Back At You
Listing Updated: July 15, 2024 at 6:52:25 PM PDT