Property Type:
Land
Lot Size (sq. ft.):
1,419,185
Status:
Closed
Current Price:
$814,500
List Date:
1/08/2018
Last Modified:
12/29/2023
Description
Amazing opportunity to purchase a +/- 34 acre waterfront tract of land 1.75 miles from the new Navassa exit off the newly opened 140 bypass. Very nice partly wooded tract in approximately 500 feet of water frontage on Indian Creek (a Navigable waterway that feeds into the Cape Fear River). Cut-through to Cape Fear River less than .25 mile from property. According to 1975 survey (attached) less than 5 acres of wetlands on entire tract. Excellent development opportunity. Currently has a very nice double wide and several outbuildings including several coops for breeding birds in an approximately 5 acres cleared section near center of property. Dirt road from Cedar Hill to home. Currently 60' on Cedar Hill Road for access.
Supplements: Home has septic and well but municipal sewer and county water available on Cedar Hill Road. Includes 1989 3 bedroom, 2.5 bath 1500 sq ft mobile home in good condition. Could be income producing rental while land is developed, or used as sales office. This property is adjacent to a potential development listed as the 900-acre River Bend at Cedar Hill project owned by Wilmington River Club. According to a recent article (attached) River Bend is permitted to hold up to 2,199 homes.
Article Referenced above. http://www.wilmingtonbiz.com/real_estate_-_commercial/2017/06/02/navassa_nears_the_on_ramp_to_growth/16177
Seller would be interested in possibly selling a portion of land as well and retaining the home on the back tract.
Last Updated: December - 29 - 2023
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