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1065 Old Folkstone Rd 17.06 Acres of Residential Land Offered at $1,500,000 in Sneads Ferry, NC 28460

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Investment Highlights

  • Over 200 feet of frontage on Old Folkstone Rd.
  • Located right in the heart of these growth areas.

Executive Summary

Conservatively estimated to be able to hold a 60+ unit Townhome site, double-loaded road as Residential Development in an exploding market area where residential units can't be built fast enough to keep up with the demand. Previously approved by Special Use Permit by Onslow County for a 20,000+/- SF Brewery Production & Distribution Facility with a Tap Room and accompanying parking and stormwater. *Owner found an existing facility that met their immediate needs and no longer plans to build at this site.
Survey, Topo Survey, Wetlands Survey, Phase I, Geotech Report, Multiple Site Plans and Approved Special Use Permit are in the attachments.

Property Facts

Price $1,500,000
Sale Type Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Multifamily
  • Single Family Development
Total Lot Size 17.06 AC
Zoning RA - Rural Agricultural

1 Lot Available

Lot

Price $1,500,000
Price Per AC $87,924.97
Lot Size 17.06 AC

Perfect Location close to the Old Folkstone Road / NC Highway 210 intersection in Sneads Ferry with flexibility on potential uses.

Description

Sneads Ferry is undergoing significant expansions within their Commercial corridors of Old Folkstone, NC Highway 210 and NC Highway 172 and this site is essentially right in the heart of these growth areas. North Shore Village plans to add an additional 12,000 SF of multi-tenanted retail and the existing building is currently under renovation and will be anchored by Voodoo Brewing, Co. Topsail Way Shopping Center (Food Lion anchored) is slated to go through a 12,000 SF expansion in 2025. North Topsail Landing (located on NC Highway 210 in between Old Folkstone and NC-172), which will be a large grocery anchored center with multi-tenanted in-line retail, has recently broken ground starting with its Hotel Site.

  • Listing ID: 34149555

  • Date on Market: 12/10/2024

  • Last Updated:

  • Address: 1065 Old Folkstone Rd, Sneads Ferry, NC 28460

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