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Off Market
1/29

884 Cheshire
Rocky Point, NC 28457


HIGHLIGHTS

  • Over 750 rooftops to be approved within three miles of the subject
  • Highly successful recent residential developments nearby

OVERVIEW

+/-135 acre parcel prime for residential development, working farm or ranch, wedding venue and more. Approximately half the acreage is cleared and includes three man-made ponds with drainage while the wooded half is ready for timbering, the offering also includes a cellular tower ground lease set to escalate April 1 2022. A single family residence custom built with timber harvested from the site sits close to the road frontage and would make an excellent neighborhood clubhouse or farm homestead. The seller is willing to subdivide the parcel in approximately half. $2,000,000 asking price for the approximately 69 acres with the house and barns, $1,850,000 asking price for the approximately 64 acres and including the cell tower. A field wetland delineation performed November 2022 found extremely sparse wetlands totaling only .62 acres. These are now flagged and ready for Corps of Engineers confirmation. A copy of the wetland sketch is attached in the documents section. Situated between NC 133 and NC 210 the location provides easy access to the booming Pender Commerce Park and other employers in the US 421 Corridor plus is within 15 miles of most major Wilmington Area employers, easy access to I-40, area beaches and Wilmington proper. The subject is located within a federally designated Opportunity Zone, providing an extremely favorable avenue to offset gains without the constraints of a 1031 exchange. The Wilmington MSA was recently found to be number one in the country for inbound moves and has been experiencing an increasingly severe housing shortage for years. These conditions create incredible opportunity for new housing developments in the area. Pender County is historically favorable to residential development with fewer barriers to entry than other counties in the region. Showings by appointment only, Listing Agent must be present. There are three exempt prospects.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

Cheshire Tract

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Mixed Use, Hold for Development, Hold for Investment, Horse Stables, Manufactured Homes/Mobile Home Park, Master Planned Community, Planned Unit Development, Single Family Development, Specialty/Festival/Entertainment, Winery/Vineyard, Agricultural, Agribusiness, Pasture/Ranch, Timberland, Single Family Residence

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

Water, Electricity, Streets, Cable, Telephone

ZONING

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APN/PARCEL ID

3224-24-8687-0000