Rare Development Opportunity =========================== This shovel-ready residential development opportunity is positioned along Carolina Beach Road, the primary gateway to Pleasure Island and the beaches of Carolina and Kure. Encompassing 50 fully entitled townhome lots, this site eliminates years of entitlement risk, delivering a uniquely de-risked platform for builders and developers eager to capitalize on strong coastal housing demand. All governmental approvals, permits, and construction documents are complete, ensuring an accelerated path from acquisition to ground-breaking. The property offers high visibility and frontage on a major thoroughfare with heavy daily commuter and seasonal traffic. Public water and sewer, with all easements secured for utility and stormwater infrastructure. Architectural and engineering plans for efficient, marketable 26-foot-wide townhome lots have been finalized, maximizing usability and market appeal. Wilmington stands as one of the Southeast’s most dynamic housing markets, ranking #1 nationally for inbound migration in 2024 and boasting sustained home price appreciation of over 40% in five years. Median home prices on nearby Carolina Beach hover near $725,000, signaling strong absorption potential for well-positioned mid-tier offerings in a limited-inventory environment. Buyers are active, inventory remains tight, and this site sits in a corridor already validating new construction pricing power. This offering provides developers with a streamlined route to project delivery and a clear pathway to rapid returns.