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257 Peiffer Avenue, Wilmington, NC 28409

$2,563,000
Property Type: Land Lot Size (sq. ft.): 309,276 Status: Closed
Current Price: $2,563,000 List Date: 5/17/2024 Last Modified: 4/02/2025

Overview

Description

Cadence Realty is pleased to present Bradley Heights at Oleander, an incredible development opportunity featuring a R-5 (CD) zoned development site, which will support the construction of 61 townhome units spanning approximately 7.10 acres. Current ownership has already completed the vast majority of the necessary upfront legwork for the pre-construction process, allowing new ownership to move towards the construction phase of the development process quickly, thus reducing development risk. Currently in TRC with final TRC approval and permitting expected in April 2024, this courtyard-style townhome community allows for 61 units consisting of duplexes, triplexes, and quadplexes. Please contact the listing agent for additional information.

Listing Details MLS# 100429291

Contract Info

Delayed Marketing?
No
Marketing Start Date
2024-02-23
Sub-Type
5+ Multi-Family
Listing Price
2806000
List Price/Acre
395211.27
Stipulation of Sale
Standard

Location Information

Street #
257
Street Name
Peiffer
Street Suffix
Avenue
County
New Hanover
State/Province
NC
Zip Code
28409
City Limits
Yes
Marketing City
Wilmington
Subdivision
Bradley Heights
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
East of Wrightsville Beach, Right Military cutoff Rd, Left Peiffer Ave off of Oleander Drive.
Sign on Property
Yes

Property Exterior Info

Acres - Total
7.1
Lot SqFt
309276
Deed Restriction
No
Total Road Frontage
300
Waterfront
No
Waterview
No
Location Type
Mainland

Legal and Taxes

Tax Assessed Value
96900
Deed Book
6477
Deed Page
1632
Legal
PT 14 BRADLEY HGTS HARNETT
Broker Owner
Yes
PID
R06211-002-004-000
Tax Identifier
R06211-002-004-000
Plat Book
5
Plat Page
5
Tax Year
2024
Zoning
R-5 (CD)
Cobra Zone
No
Elementary School
Bradley Creek
Middle School
Roland Grise
High School
Hoggard
Special Assessments
No

Status Change Info

Under Contract Date
2024-11-26
Sold Date
2025-04-01

More Information

Current Use

Vacant
Yes

Bldgs on Property

None
Yes

HOA and Neigh Amenities

No Amenities
Yes

Soil Evaluation

Soil Evaluation - Yes
Yes

Topography

Undeveloped
Yes

Fuel Tank

None
Yes

Environmental Hazard

No
Yes

Road Type/Frontage

Public (City/Cty/St)
Yes

Property Features

Current Use: Vacant Bldgs on Property: None Soil Evaluation: Soil Evaluation - Yes Topography: Undeveloped Fuel Tank: None Environmental Hazard: No HOA and Neigh Amenities: No Amenities
Listing Office: Cadence Realty Corporation
IDX
Last Updated: April - 02 - 2025
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