, Wilmington, NC 28401:
Property Description

Combination Commercial and Residential Land Development property available on Castle Hayne Road. This property consists of 4.28 acres. This land is made up of three parcels(2723, 2725 and 2727 Castle Hayne Road). The front portion of the property has close to 300 feet of Castle Hayne Road Street frontage. The Front(East)portion of the land is zoned B-1 and the North-West portion of is zoned R-20. Currently there are 3 rental houses on the property, two of which are occupied by tenants. Leases are month to month and the monthly income is $2,180(tenants pay all utilities).The property is mainly being marketed for the land value but the additional income would be beneficial through the planning and development stage.The two zoning classifications enable you to have a business type use on Castle street and tie in a appropriate R-20 use on the back property. Sub-dividing the property is a possibility but the sellers are not going to split up the parcels.Homes are being sold as-is. Any Square Footage listed is only an estimate provided by owners and has not been verified. The northern-most home was recently severely damaged by fire. Prior to this it rented for $575 per mo.This is located close to I 1-40 bypass, Downtown Wilmington, ILM Airport and all the growing development in the Castle Hayne Area.

Property Info
Property Type: Land
MLS Number: 100221247
Lot Size: 4.28 Acres
Waterview: No
Status: Active
Property Sub Type: Mixed use
Price: $625,000
Waterfront: No
Sale Type: None
Location Details
Community: Not In Subdivision
Road Frontage:
- Paved
- Public (City/Cty/St)
- Unpaved
Lot Description: Multi-zones
County: New Hanover
City: Wilmington
Zipcode: 28401
Topography: Level
Property Features
- Municipal Water
- Septic On Site
, Wilmington, NC 28401
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