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0 Ocean Highway WestOcean Isle Beach, NC 28469

  • Residential
  • $1,100,000
  • 45.20 Acres

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.

Last Checked
1 minute ago
Last Updated
Aug 28, 2024
Days on Website
349

Property Details for 0 Ocean Highway West

0 Ocean Highway West is a 45.2 acre lot for sale in Ocean Isle Beach, NC 28469.

All

Phil Marion

Berkshire Hathaway HomeServices Carolina Premier Properties

910-233-2702

Please contact Phil Marion at Berkshire Hathaway HomeServices Carolina Premier Properties direct by phone at 910-233-2702. You may also reach Berkshire Hathaway HomeServices Carolina Premier Properties by phone at 910-256-0021.

Listing Provider for 0 Ocean Highway West

Offered by Red Door Company. Information Not Guaranteed. © Triangle MLS Inc. All rights reserved. Listings marked with a TMLSidx icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.

Agent:
Phil Marion
Agent Phone Number:
910-233-2702
Office:
Berkshire Hathaway HomeServices Carolina Premier Properties
Office Phone Number:
910-256-0021
MLS ID:
100416164
Data Source:
North Carolina Regional MLS
Last Checked:
1 minute ago
Last Updated:
August 28, 2024 4:22 PM UTC
Days on Site:
349
North Carolina Regional MLS