Wilmington, NC 28401 (MLS # 100221247)


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.

DAYS ON MARKET 473 LAST UPDATED 3/11/2021
TRACT Not In Subdivision YEAR BUILT 0
COUNTY New Hanover STATUS Active
PROPERTY TYPE(S) Lot/Land/Acreage

SCHOOLS
School District New Hanover
Elementary School Castle Hayne
Jr. High School Holly Shelter
High School Laney


ADDITIONAL DETAILS
LOT 4.28 acre(s)
LOT DESCRIPTION Multi-Zones
SEWER Septic On Site
SUBDIVISION Not In Subdivision
TAXES 3728.00
WATER Municipal Water
WATERFRONT DESCRIPTION None
ZONING B-1 and R-20
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only



 
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Listed with Intracoastal Realty Corp
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