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0000 Cedar Hill Rd
Navassa, NC 28451
Land For Sale
·
108.00 AC
Investment Highlights
- This 108-acre property, located just 12 minutes from downtown Wilmington, features a 6-acre pond and beautiful oak trees, offering prime potential.
- Currently zoned for heavy industrial use, the property could be ideal for rezoning to allow apartments, retail, or housing developments.
- Positioned in a rapidly growing area near Leland, NC, and only 1/4 mile from the I-140 Bypass, it lies in an opportunity zone.
Executive Summary
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 108.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | LI, HI - Light Industrial, Heavy Industrial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 108.00 AC |
| Opportunity Zone |
Yes |
| Zoning | LI, HI - Light Industrial, Heavy Industrial |
1 Lot Available
Lot
| Price | $10,260,000 | Lot Size | 108.00 AC |
| Price Per AC | $95,000.00 |
| Price | $10,260,000 |
| Price Per AC | $95,000.00 |
| Lot Size | 108.00 AC |
Nestled under beautiful Oak Trees and a hidden gem of a previously mined pond, lies approximately 108 acres only 12 minutes from the heart of downtown Wilmington.
Description
Nestled under beautiful Oak Trees and a hidden gem of a previously mined pond, lies approximately 108 acres only 12 minutes from the heart of downtown Wilmington. With new development being built all around, this property is located beside one of the largest growing towns of Leland North Carolina and only 1/4 mile to the I-140 Bypass. This property is also located in an opportunity zone possibly offering tax discounts and deferrals. Currently zoned heavy industrial but could possibly be rezoned to become a developers dream with the 6 acre pond perfect for a dock and clubhouse. Davis Creek boundaries the back portion of the property which gives easy access to the Cape Fear River. Property could be great for apartments, retail space, or a housing development. Navassa city boat ramp is also located in between the properties on Davis Drive. Easily tie into water and sewer as water and sewer are already to the adjacent property on Cedar Hill Road.
Property Taxes
| Parcel Number | 02400003 | Improvements Assessment | $2,700 |
| Land Assessment | $2,707,560 | Total Assessment | $2,710,260 |
Property Taxes
