3925 Carolina Beach Road, Wilmington, NC 28412 – MLS# 100435096

Property Map

$1,850,000 – 3925 Carolina Beach Road, Wilmington, NC 28412

Street View

$1,850,000
2.23 Acre Lot
97,139 Sqft Lot
Status Active
Property Type Residential Land
Price Type
Days on Website 392

Courtesy of John C Horton, Coastal Properties

Description

3925 Carolina Beach Rd presents a unique and rare opportunity for a developer to create a multi-family Planned Unit Development in the rapidly developing Carolina Beach RD corridor. Located just south of the Independence BLVD intersection, this 2.23 acre parcel holds the opportunity for 37 residential units with rezoning to MD-17. Density may be increased to 80 units if at least 10 percent of the total number of residential units are designated as workforce housing.The property borders Breezewood Condominiums (zoned MD-17) and adjacent to 3913 Carolina Beach Rd, a 225 unit residential development currently rezoning from R-15 to MD-17. Owner will authorize conditional rezoning application during an examination period. The property currently operates as a mobile home park. Please do not disturb the tenants.

HOA Amenities

Property Details and Features

Property Access

  • Road Type/Frontage: Public (City/Cty/St)

Disclosures

  • Unknown

Home Owner’s Association

  • HOA: No
  • HOA Amenities: No Amenities

Listing

  • Sub-Type: Residential Land
  • Listed on 2024-03-26
  • List Price/Acre: $829,596
  • Terms: 1031 Exchange,Cash

Location

  • Zip Code: 28412
  • Latitude: 34.172837
  • Longitude: -77.922517
  • Subdivision: Not In Subdivision
  • City Limits: Yes

Lot

  • 97,139 sqft lot
  • 2.23 total acre
  • Lot Description: Development
  • Topography: Cleared,Wooded

Possession

  • At Closing

Property

  • Zoning: R-15
  • Soil Evaluation: Other: Unknown
  • Bldgs on Property: Manufactured Home
  • Soil Evaluation: Soil Evaluation – No

Taxes

  • Tax Assessed Value: $310,100
  • Property Taxes: $2,620
  • City Tax Rate: 6404
  • Tax Year: 2023

Utilities

  • Municipal Sewer
  • Municipal Water
  • Fuel Tank: None

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