Wilmington, NC 28409,5503 Myrtle Grove Road
Wilmington, NC 28409,5503 Myrtle Grove Road
Wilmington, NC 28409,5503 Myrtle Grove Road
Wilmington, NC 28409,5503 Myrtle Grove Road
Wilmington, NC 28409,5503 Myrtle Grove Road
Wilmington, NC 28409,5503 Myrtle Grove Road
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$1,900,000

$2,190,000

13.2%
Est.Price: ?

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Est. payment /mo

14 Acres Lot


SOLD DATE : 08/16/2023

Key Details

Sold Price $1,900,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

Subdivision Not In Subdivision

MLS Listing ID 100375774

Sold Date 08/16/23

HOA Y/N No

Originating Board North Carolina Regional MLS

Lot Size 14.000 Acres

Acres 14.0

Lot Dimensions Various

Property Description

14+/- Acres now available for purchase on Myrtle Grove Road. This multi-parcel opportunity includes the locally renowned workshop of T.N Simmons, founder of the famed Simmons Sea Skiff. Tract includes (6) parcels providing approximately 14 Acres and 547Ft of direct frontage along Myrtle Grove Road. Existing structures: 3BR/1BA residential dwelling; 2BR/1BA residential dwelling; Three woodworking shops; One glassmaker shop. Total existing leases gross over $50,000 annually. New Hanover County Zoning is currently R-15. Maximum development yield may be achieved through NHC ''performance residential'', allowing 2.5 Units per Acre.

Location

State NC

County New Hanover

Community Not In Subdivision

Zoning R-15

Direction From the intersection of Piner Rd, S College Rd, and Carolina Beach Rd, take Piner Rd. Turn left onto Myrtle Grove Rd. Properties will be on the right, before the Grissom Rd intersection

Exterior

Waterfront No

Others

Tax ID R07616-003-002-001

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Special Listing Condition None

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Hive MLS / (NCRMLS)
Listed by Hardee Hunt & Williams
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(252) 573-9198

mark@obxlivingteam.com

5960 Fairview Rd Ste. 400, Charlotte, NC, 28210, United States

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