5500 Peden Point RD Wilmington, NC 28409
1.74 Acres Lot
UPDATED:
02/10/2025 07:25 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Myrtle Grove
MLS Listing ID 100486145
HOA Y/N No
Originating Board Hive MLS
Annual Tax Amount $6,677
Lot Size 1.742 Acres
Acres 1.74
Property Description
Discover endless possibilities with this rare 1.74-acre gem located on the stunning Intracoastal Waterway in Wilmington, North Carolina. Whether you're a savvy investor, a developer, or someone seeking the perfect waterfront opportunity, this property offers unmatched potential.
Property Highlights:
Prime Location: Situated in a highly desirable area of Wilmington, NC, with direct access to the Intracoastal Waterway.
Development Potential: Zoned for residential use, allowing the development of up to five single-family homes.
Income Opportunity: Currently operates as a thriving mobile home park, generating $6,500 in monthly income.
Waterfront Lifestyle: Stunning views, serene surroundings, and direct waterway access. Ideal for boating, fishing, and enjoying the coastal lifestyle.
Proven Value: An excellent investment opportunity with flexible options for future growth. Keep the existing mobile home park for steady income, currently 6500 per month, 4 of the 6 mobile homes convey with the land.
Transform this property into a beautiful residential community with up to five custom homes. This is a rare chance to own waterfront acreage with income-generating potential in one of North Carolina's most sought-after coastal cities.
Agent related to seller
Location
State NC
County New Hanover
Community Myrtle Grove
Zoning R-15
Direction Carolina Beach road to Piner Road to Peden Point Road
Location Details Mainland
Rooms
Other Rooms Manufactured Home
Exterior
Utilities Available Phone Available
Waterfront Description ICW View,Water Access Comm,Waterfront Comm
View Marsh View, Water
Building
Lot Description Dead End, Level, See Remarks, Wetlands
Sewer Septic On Site
Water Shared Well, Well
Schools
Elementary Schools Bellamy
Middle Schools Myrtle Grove
High Schools Ashley
Others
Tax ID R07620-002-001-000
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition None
