823 Riversea SE blvd - Commercial LAND FOR SALE


Bolivia, NC 28422 380,279 SF
$2,100,000 USD
910-297-9572
823 Riversea SE blvd, Bolivia, NC for Sale
$2,100,000 USD
Commercial LAND - FOR SALE
1/1
380,279 SF

823 Riversea SE blvd
Bolivia, NC 28422


HIGHLIGHTS

  • Prime Commercial Acreage: 8.73-acre tract with 750+ feet of frontage near Riversea, a thriving lifestyle community.
  • Development Opportunity: Ideal for 1031 exchange or commercial development, with a concept plan for a 45,000 SF project ready for execution.
  • High Visibility: Gently sloping terrain ensures excellent visibility from Highway 211, with over 19,500 VPD (three years ago, likely higher now).
  • Flexible Zoning: Supports various uses, including medical, professional office, or retail, under CLD and NC zoning classifications.
  • Riversea Community Access: Connected to a gated community of 579 residences, with rising property values and ongoing construction.
  • Preliminary Due Diligence: Seller offers engineering and due diligence documents to aid in the development process.

OVERVIEW

Prime 8.73 acre commercial tract fronting the lifestyle community Riversea. Great prospect for 1031 or development given the area's improving economic prospects. The site has over 750+ feet of frontage between the signage at entrances from 211 on both sides ofthe property. The site slopes gently towards Highway 211 from the back ensuring excellent visibility. The most recent NC DOT traic showed was West ofthe site, but before StoneChimney Road, and totaled 19,500 VPD. This count is three years old and certainly not consistent with today's number. Part oftheRiversea PUD designated Commercial, this site accommodates uses under theCLD and NC zoning classifications. The multitude of potential uses range from medical or professional oice to retail. The concept plan shown, detailing a 45K SF development, may be constructed by right. Seller's have some due diligence and engineering work that could be turned over upon reaching Contract. Riversea is a gated community with 579 planned residences, with no developer owned lots remaining. At present there are approximately 50 homes in various stages of construction and prices have escalated rapidly during the previous year. Vacant lots are marketed, depending upon the section, from $50,000 for interior lots to almost $200,000 for river/marshfront lots. ThePOA is in a strong financial position and keeps the grounds/amenities in great shape. This site would be accessed by streets owned by Riversea POA, hence a road agreement would be required

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/ACRE

$240,550/AC

PRICE/SF

$6 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

8.73 AC

LAND SF

380,279 SF

OFFSITE IMPROVEMENTS

-

ZONING

C

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

PJ Doherty, CCIMCarolina Commercial Investment PropertiesMore Info
910-297-9572

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PJ Doherty, CCIMCarolina Commercial Investment PropertiesMore Info
910-297-9572

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.