1205 Wind Sail Drive, Wilmington, NC 28401:
Property Description

Excellent income producing investment that adjoins the Ness Creek portion of the Cape Fear River in the quickly developing Castle Hayne market. The property is subdivided into 33 individual lots, 17 of which have fully leased modular homes that generate in excess of $17,000 a month in revenue. The existing layout facilitates further horizontal residential development with the opportunity to grow revenue immediately. The subject property is located less than 5 miles from Downtown Wilmington with nearby access to US Hwy 421, US 74/76, US 1-140, and I-40. The location provides easy access to the New Hanover, Brunswick, and Pender County Beaches. The Castle Hayne/Wilmington market boasts one of the country’s most robust residential growth markets, with residential developments selling at premium prices due to a regional shortage in available housing. Financials are available with an executed NDA. Multiple access options are available. (See Survey Attached)

Property Info
Property Type: Land
MLS Number: 100278283
Lot Size: 16 Acres
Waterview: No
Status: Active
Property Sub Type: Residential land
Price: $2,199,000
Waterfront: No
Sale Type: None
Location Details
Community: Other
Road Frontage:
- Private
- See Remarks
Street Suffix: Drive
County: New Hanover
City: Wilmington
Zipcode: 28401
- Cleared
- Wooded
Property Features
Water/Sewer: Municipal Water
1205 Wind Sail Drive, Wilmington, NC 28401
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