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225 Valencia Ct 1.45 Acres of Residential Land Offered at $675,000 in Wilmington, NC 28412
Executive Summary
The land is zoned MD-17 Multi Dwelling High Density Condo District. It sits within the development known as Passage Point located along Independence Blvd east of River Road. The original site development plan included a new 18-unit condominium building to match the neighboring structure. Site infrastructure for the future 18-unit building was installed with the construction of the neighboring condominium. The adjacent building contains 18 condos and is part of an HOA. Inclusion in the HOA is a possibility for the developer.
Property Facts
| Price | $675,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Build to Suit | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 1.45 AC |
| Zoning | MD-17 - Primarily designed to accommodate high-density residential developments, such as apartment complexes, condominiums, and townhomes. | ||
| Price | $675,000 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 1.45 AC |
| Zoning | MD-17 - Primarily designed to accommodate high-density residential developments, such as apartment complexes, condominiums, and townhomes. |
1 Lot Available
Lot
| Price | $675,000 | Lot Size | 1.45 AC |
| Price Per AC | $465,517.24 |
| Price | $675,000 |
| Price Per AC | $465,517.24 |
| Lot Size | 1.45 AC |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R07006-001-137-000 | Improvements Assessment | $0 |
| Land Assessment | $680,100 | Total Assessment | $680,100 |
Property Taxes
Parcel Number
R07006-001-137-000
Land Assessment
$680,100
Improvements Assessment
$0
Total Assessment
$680,100
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Presented by
J. Clark Hipp, Broker, Inc.
225 Valencia Ct
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