198 Magnolia Extension, Kenansville, NC 28349 – MLS# 100450901

Property Map

$800,000 – 198 Magnolia Extension, Kenansville, NC 28349

Street View

$800,000
8.34 Acre Lot
363,290 Sqft Lot
Status Active
Property Type Undeveloped
Price Type
Days on Website 318

Courtesy of Stan S Draughon, Draughon Realty & Appraisal

Description

198 Magnolia Extension is a 8.336+ ACRE tract zoned GC in the front and R-10 in the rear. The property is near all amenities in the town including being adjacent to the local SECU, State of NC Vocational Rehab, and Employment Security offices. It is near James Sprunt Community College, the County Events Center and the USDA Federal Office complex as well as many other county offices on Magnolia Extension. Property can be subdivided with one acre on Magnolia Ext. zoned General Commercial. The General Commercial District is intended to accommodate a wide range of residential, commercial establishments and professional offices that provide goods and services to the residents of Kenansville and the surrounding area, as well as transient visitors. This district is meant to be applied to the following distinct areas: 1) areas adjacent to major thoroughfares and in locations that will not adversely impact nearby residential development, 2) areas in close proximity to residential areas to encourage and accommodate pedestrian travel to obtain convenience goods and services and 2) areas adjacent to major transportation arteries. The property has Town of Kenansville water and sewer available. A Flow Tracking/Acceptance for Sewer Extension has been applied for with the Town of Kenansville and acceptance is expected. Access to the property is from Magnolia Extension, a State maintained road. Access is also available on Old Warsaw Road into the rear of the site that is ideal for multi family development. The property is cleared and level and ready to build.

HOA Amenities

Property Details and Features

Property Access

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

Disclosures

  • No

Home Owner’s Association

  • HOA: No

Listing

  • Sub-Type: Undeveloped
  • Listed on 2024-06-17
  • List Price/Acre: $95,923
  • Terms: 1031 Exchange,Will Divide,Will Lease,Lease/Purch,Farm Credit,Conventional,Cash,Build to Suit,Available for Lease Purchase

Location

  • Zip Code: 28349
  • Latitude: 34.952846
  • Longitude: -77.975118
  • Subdivision: Not In Subdivision
  • City Limits: Yes

Lot

  • 363,290 sqft lot
  • 8.34 total acre
  • Lot Description: Development,Level
  • Lot Water Features: None
  • Topography: Cleared,Undeveloped,Level

Possession

  • At Closing
  • Immediate

Property

  • Zoning: GC/R10
  • Bldgs on Property: None
  • Soil Evaluation: Soil Evaluation – No

Taxes

  • Tax Assessed Value: $150,000
  • City Tax Rate: 2055
  • Tax Year: 2024

Utilities

  • Cable Available
  • Phone Available
  • Natural Gas Available
  • Municipal Water Available
  • Municipal Sewer Available
  • Sewer Provider: City/Town
  • Electric Provider: Duke Energy
  • Water Provider: Town of Kenansville
  • Fuel Tank: None

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