620 4,5,6 Spring Branch Road, Wilmington, NC 28405 (MLS# 100413092)

$1,800,000

620 4,5,6 Spring Branch Road
Wilmington, NC 28405
MLS# 100413092

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Property Description
Investors take notice! This rare +/- 4.74 acres located along N College Rd and Martin Luther King Jr Parkway is a prime development opportunity. It is a short drive to Wrightsville Beach and Downtown Wilmington with quick access to I-40. It has been rezoned and approved for 22 single family units with 3 additional single-family lots. All development permits are in hand and buyer is to verify all permits through due diligence

Details

Maps

Contract Info

Status: Active

Effective Date: 2023-11-03

Delayed Marketing?: No

Delayed Marketing Date (DM): 2023-11-03

Sub-Type: Residential Land

Listing Price: 1800000

Current Price: $1,800,000

List Price/Acre: 379746.84

Sub Agent Comm $/%: %

Buyer Agent Comm: 3

Buyer Agent Comm $/%: %

Variable Comm: No

Stipulation of Sale: None

Location Information

Street #: 620

Street Name: Spring Branch

Street Suffix: Road

Lot #: 4,5,6

County: New Hanover

State/Province: NC

Zip Code: 28405

City Limits: No

Marketing City: Wilmington

Subdivision: Spring View

Secondary Subdivision: N/A

Geo Lat: 34.255986

Geo Lon: -77.872389

Remarks and Showing

Directions to Property: Heading north on N College Rd., past the intersection of N College and MLK Jr. Prkwy, turn left onto Spring View Dr., then left onto Spring Branch Rd. and follow to the wooded lot all the way at the end.

Sign on Property: Yes

Property Exterior Info

Acres - Total: 4.74

Acres - Wooded: 4.47

Lot Dimensions: irregular

Lot SqFt: 206475

Deed Restriction: Yes

Waterfront: No

Waterview: No

Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 421900

Total City Real Estate Property Tax: 2309.91

Deed Book: 6382 724

Deed Page: 29142918

Legal: Lots 4,5,6 Block 1 of Spring View, & 3.62 +/- acre tract as recorded in map book 68 page 382, NH County Registry.

Broker Owner: No

PID: R04900-001-014-000

Tax Identifier: R04900-001-014-000

Plat Book: 68

Plat Page: 382

Total Real Estate Property Taxes: 1065.38

Special Assessments: no

Deferred Taxes: No

Tax Year: 2023

Zoning: R-15

HOA: No

Cobra Zone: No

Elementary School: Wrightsboro

Middle School: Holly Shelter

High School: Laney

Property Features

Current Use: Development

Bldgs on Property: None

Soil Evaluation: Soil Evaluation - Yes

Topography: Wooded

Fencing: None

Fuel Tank: None

Environmental Hazard: No

Lot Description: Multi-Zones; Wooded; See Remarks

Road Type/Frontage: Private

Utilities: Municipal Sewer Available; Municipal Water Available

Lot Water Features: None

HOA and Neigh Amenities: No Amenities

Terms: 1031 Exchange; Cash; Conventional

Listing Office: Coldwell Banker Sea Coast Advantage

Last Updated: November - 08 - 2023

620 4,5,6 Spring Branch Road, Wilmington, NC 28405 - MLS# 100413092

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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