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0000 Cedar Hill Road NE, Navassa, NC 28451

$4,200,000
Property Type: Land Lot Size (sq. ft.): 3,136,320 Status: Closed
Current Price: $4,200,000 List Date: 7/15/2020 Last Modified: 6/22/2023

Overview

Description

Nestled under beautiful Oak Trees and a hidden gem of a previously mined pond, lies 180 approximate acres only 12 minutes from the heart of downtown Wilmington. Located beside the largest growing town of Leland in North Carolina. With a new outer loop of I 140 1/4 of a mile from the interchange. This property is also located in an opportunity zone offering tax discounts and deferrals. A developers dream with a 6 acre pond perfect for a dock and clubhouse. 64 acres cleared, graded and has 8000+ sq yards of topsoil. (approximately $2,000,000) worth of investment already in place for clearing and grading of the property! Davis Creek runs along the entirety of the property which gives easy access to the Cape Fear River. Property could be great for apartments, retail space, and housing development. Has a city boat ramp in between the properties which total the approximate 195 acres to be determined by a survey. Close to the property is a wonderful public park offering a baseball field, basketball court, tennis court, picnic area and more. Easily tie into water and sewer!

Listing Details MLS# 100226913

Contract Info

Marketing Start Date
2020-07-15
Sub-Type
Undeveloped
Auction
No
Listing Price
4100000
List Price/Acre
56944.44
Stipulation of Sale
Standard

Location Information

Street #
0000
Street Name
Cedar Hill
Street Suffix
Road
Post Direction
NE
County
Brunswick
State/Province
NC
Zip Code
28451
City Limits
No
Marketing City
Navassa
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
From Downtown Wilmington take 421/US 74E to merge onto I-140 to Cedar Hill Road Exit, follow to David Creek Drive or take US-17S to Southport/Oak Island/Leland exit, keep right follow signs for Navassa/Leland on Village Road NE, right on S. Navassa Road to Cedar Hill Road to right on Davis Creek Road.
Sign on Property
Yes

Property Exterior Info

Acres - Total
72
Lot Dimensions
variable
Lot SqFt
3136320
Deed Restriction
Yes
Total Road Frontage
400
Waterfront
No
Waterview
Yes
Location Type
Mainland

Legal and Taxes

Tax Assessed Value
1953700
Deed Book
284
Deed Page
662
Legal
187.47 AC
Broker Owner
No
PID
02400003
Tax Identifier
02400003
Special Assessments
none
Tax Year
2019
Zoning
NA-HI
HOA
No
Cobra Zone
No
School District
Brunswick
Elementary School
Lincoln
Middle School
Leland
High School
North Brunswick
Plat Book
No
Plat Page
No

Status Change Info

Under Contract Date
2023-02-09
Sold Date
2023-06-21

More Information

Bldgs on Property

None
Yes

HOA and Neigh Amenities

No Amenities
Yes

Soil Evaluation

Soil Evaluation - No
Yes

Frontage Type

Creek
Yes
Pond Front
Yes

View Type

Creek/Stream
Yes
Pond
Yes
Water
Yes

Topography

Cleared/Partial
Yes
Level
Yes
Sloped
Yes
Undeveloped
Yes
Wooded
Yes

Lot Water Features

None
Yes

Terms

Cash
Yes
Conventional
Yes

Fuel Tank

None
Yes

Environmental Hazard

Unknown
Yes

Lot Description

Wooded
Yes

Road Type/Frontage

Public (City/Cty/St)
Yes

Property Features

Bldgs on Property: None Soil Evaluation: Soil Evaluation - No Frontage Type: Creek; Pond Front Topography: Cleared/Partial; Level; Sloped; Undeveloped; Wooded View Type: Creek/Stream; Pond; Water Fuel Tank: None Environmental Hazard: Unknown Lot Water Features: None HOA and Neigh Amenities: No Amenities Terms: Cash; Conventional
Listing Office: Wicker Properties of the Carolinas, Inc.
IDX
Last Updated: June - 22 - 2023
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