Property Type:
Land
Lot Size (sq. ft.):
257,004
Status:
Closed
Current Price:
$1,575,000
List Date:
4/05/2022
Last Modified:
3/26/2024
Overview
Description
Rare +/- 5.9 acre development parcel with approximately 598' of frontage
on the Brunswick River within the Belville town limits with municipal water
and sewer available. The current R10 zoning could allow ten or more single
family lots with clubhouse, common area and private marina. The highest
and best use of a high-end multifamily waterfront community with private
marina may be achieved through a rezoning or Special Use Permit.
Preliminary concept plans for single family development and townhouse
development are attached for reference.
The subject is located less than 1/4 mile from Belville Elementary School
and the Brunswick Riverwalk Park at Belville, less than two miles from the
Leland Village Rd corridor, Magnolia Greens and Westgate commercial
nodes and a quick jaunt over the Cape Fear River into Historic Downtown
Wilmington. The location provides easy access to both the New Hanover and
Brunswick County beaches plus Southport and Bald Head Island via
automobile or boat. Nearby highway and interstate access includes US 74/
76, US 421, US 17, I-140 and I-40.
Brunswick County is the fastest growing county in North Carolina and the
adjacent Wilmington MSA is #1 in the country for inbound moves. The
Leland/Belville submarket enjoys one of the highest net worth
demographics in the region with continued residential and major
commercial development. Paired with a regional housing shortage the area
is ripe for successful residential development selling at premium prices
faster than it can be built.
There are two exempt prospects for this property.
Last Updated: March - 26 - 2024
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