Skip To Content

0 Ocean Highway West

Ocean Isle Beach, NC 28469
  • $1,300,000
  • STATUS: Active
  • ON SITE: 146 Days
  • MLS #: 100416164
UPDATED: 96 min ago
$1,300,000
  • 0
    BEDS
  • 45.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Information

Elementary School:
Middle School:
High School:

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.

Monthly Payment Calculator



Mid Carolina MLS logo© 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. Data last updated 2024-04-19T22:48:06.84.
www.bailey-basnightrealestate.com/homes/145481703
Print Image

0 Ocean Highway West Ocean Isle Beach, NC 28469

  • Price: $1,300,000
  • Status: Active
  • On Site: 146 Days
  • Updated: 96 min ago
  • MLS #: 100416164
0
Beds
0
Baths
0
½ Baths
45.2
Acres
Neighborhood:
Not In Subdivision
County:
Brunswick
Area:
Ocean Isle Beach
Elementary School:
Union
Middle School:
Shallotte
High School:
West Brunswick
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.
Exterior Features

Buildings On Property None Location Type Mainland Road Type Frontage Paved Topography Undeveloped Total Road Frontage 358 Waterfront No Waterview No

Interior Features

Soil Evaluation Soil Evaluation - No

Property Features

City Limits No Cobra Zone No Deed Restriction No Environmental Hazard Unknown Fuel Tank None Hoa And Neighborhood Amenities No Amenities Land Sub Type Residential Land Property Taxes 138.48 Secondary Subdivision N/A Tax Year 2023 Zoning CLD



Mid Carolina MLS logo Listing information © 2024 NCRMLS
Listing courtesy of Phil Marion of Berkshire Hathaway HomeServices Carolina Premier Properties: (910) 256-0021.


Mid Carolina MLS logo© 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. Data last updated 2024-04-19T22:48:06.84.
 
https://bt-photos.global.ssl.fastly.net/ncreg/orig_boomver_1_100416164-2.jpg
Logo
Bailey-Basnight Real Estate | Coldwell Banker Sea Coast Advantage
515 Atlantic Beach Causeway
Atlantic Beach NC, 28512