1400 River 18.43 Acres of Commercial Land Offered at $4,320,000 in Winnabow, NC 28479

Mallory Creek Land & Timber is pleased to offer for sale approximately 18 acres for a proposed Class A garden-style multi-family development. Based on the conceptual land plan prepared by H+W Design, the property can accommodate 288 units (3-story walk-ups), complete with stormwater, clubhouse, pool, and outdoor amenities. The concept is surfaced parked at a ratio of 1.9 spaces per unit. The asking price is the greater of $4,320,000 or $15,000 per MF unit.
The subject property is located on River Road (Highway 133) at the entrance of Mallory Creek Plantation. Located just minutes from Leland proper and downtown Wilmington, this infill site is well positioned to capitalize on the tremendous growth and development occurring in the Leland marketplace. Mallory Creek Plantation contains over 1,500 homes and will contain over 2,000 homes at full buildout, including a 700 home Del Webb community.
The property is situated in the Town of Leland, Brunswick County, North Carolina. The property is currently zoned C-1 by the Town of Leland. The site is entirely uplands, pursuant to Jurisdictional Determination notice SAW-2021-01942.
-Asking Price of $4,320,000 or the greater of $15,000/unit.
-Parcel ID’s - 05900009, 0590000920, 0590000921
-18.42 Acres with no wetlands
-Conceptual land plan supports 288 units at a 1.9 parks/unit