Address
Not Disclosed Wilmington, NC
Price
$ 625,000
Property Attributes
  • MLS#100221247
  • TypeLand
  • CountyNEW HANOVER
  • CityWilmington
  • AreaNot In Subdivision
  • NeighborhoodWilmington
  • Zip28401
  • Style
  • Taxes3728
  • Price$ 625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4.28 Acres
Listing Provided Courtesy Of:
Intracoastal Realty Corp
Data Source:
Cape Fear REALTORS
Property Description

Combination Commercial and Residential Land Development property available on Castle Hayne Road. This property consists of 4.28 acres. This land is made up of three parcels(2723, 2725 and 2727 Castle Hayne Road). The front portion of the property has close to 300 feet of Castle Hayne Road Street frontage. The Front(East)portion of the land is zoned B-1 and the North-West portion of is zoned R-20. Currently there are 3 rental houses on the property, two of which are occupied by tenants. Leases are month to month and the monthly income is $2,180(tenants pay all utilities).The property is mainly being marketed for the land value but the additional income would be beneficial through the planning and development stage.The two zoning classifications enable you to have a business type use on Castle street and tie in a appropriate R-20 use on the back property. Sub-dividing the property is a possibility but the sellers are not going to split up the parcels.Homes are being sold as-is. Any Square Footage listed is only an estimate provided by owners and has not been verified. The northern-most home was recently severely damaged by fire. Prior to this it rented for $575 per mo.This is located close to I 1-40 bypass, Downtown Wilmington, ILM Airport and all the growing development in the Castle Hayne Area.

Elementary School Middle School High School
Castle Hayne Elementary School Holly Shelter Middle School Laney High School
Price History
3/11/2021 Listed $625,000

General Features

City Limits No
County New Hanover
Days on Market 321
Elementary School Castle Hayne
HOA No
HOA and Neigh Amenities No Amenities
High School Laney
Middle School Holly Shelter
Property Type B
School District New Hanover
Status Active
Stipulation of Sale None
Sub-Type Mixed Use
Subdivision Not In Subdivision
Tax Year 2019
Terms Cash, Conventional
Topography Level
Utilities Municipal Water, Septic On Site
Waterfront No
Zoning B-1 and R-20

Exterior Features

Buildings on Property Main House, See Remarks
Fencing None
Lot Description Multi-Zones
Lot Dimensions varies
Lot Water Feature None
Soil Evaluation Soil Evaluation - No
Waterview No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 28401

Price
AVG $220K
$630K
Taxes
AVG $869
$3,728
Visits
AVG 49
6

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