Active
0 Ocean Highway West
Ocean Isle Beach NC, 28469
$1,100,000
$0.56 per sqft
Active
45.2 Acres
Land
Approximately 45.2 acres zoned C-LD/R7500 with over 350 feet of road frontage on Hwy 17 (Ocean Highway) in unincorporated Brunswick County. Proximity to fast growing Shallotte is ideal for combination of residential and/or commercial development. Based on market demographics and recent transactions in the immediate area, a built-for-rental community (BFR/SFR) may be highest and best use. Utilities are at the highway - buyer will need to consult with Brunswick County Utilities to confirm accessibility/capacity for their project. Pricing is based on density assuming existing zoning. C-LD allows for 7.3 single family/townhouse residential units/acre (with water/sewer) and 14 units/acre for multifamily. Offering includes 3.12 acres zoned C-LD. R7500 allows for 2.9 units/acre without water/sewer and 5.8 units/acre with water/sewer. Offering includes 42.08 acres zoned R7500. Link to Brunswick County UDO is part of this listing. Based on the acreage being offered, this would amount to a maximum of 287 units on 45.2 acres or $4,529/developed unit/lot with water/sewer. If buyer chooses to put multifamily in the C-LD portion, it could support 43 units on the 3.12 acres with highway frontage (approximately $7,650/door), while the R7500 section can provide 244 single family/townhouse units. Most new construction single family and townhomes in the area are selling for $280,000 to $350,000. Rental rates for similar products ranges from $1,350 - $2,600/month.
100416164
MLSⓇ ID
December 17, 2024
Listed
December 17, 2024
Updated
Map
0 Ocean Highway West
Ocean Isle Beach NC, 28469
Exterior/Building Features
Lot Size
45.2 Acres
School Information
School District
Brunswick County Schools
High School
West Brunswick
Elementary School
Union
Other Property Details
Taxes
$138
Tax Frequency
Annually
Days on Market
369
Association Fee
Not Listed
Association Fee Frequency
Yearly
Association Amenities
No Amenities
Garage
No
View
No
County
Brunswick
Pool
No
Zoning
CLD
Courtesy of Berkshire Hathaway HomeServices Carolina Premier Properties with Phil Marion,
Listing Contact: 910-233-2702
The data relating to real estate on this website comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 8:41 PM UTC, 12/17/2024. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Coldwell Banker shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Hive MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Hive MLS will not be liable for any damage or loss resulting from the use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Hive MLS.
©2024 Hive MLS
Data last updated 8:41 PM UTC, 12/17/2024
