North CarolinaRocky Point884 Cheshire Road

884 Cheshire Road
Rocky Point, NC 28457

$2,700,000
For Sale
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Tools
Open House
Size
133.81 Acres
Exterior
Financial
$2,700,000
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Listing Details
Farm / Agriculture
Property Type
Cape Fear
schools
Cape Fear
Elementary
Cape Fear
Middle
Heide Trask
High
4022138
Web Id
100326431
MLS ID
637
Days Posted

About 884 Cheshire Road

+/-135 acre parcel prime for residential development, working farm or ranch, wedding venue and more. Approximately half the acreage is cleared and includes three man-made ponds with drainage while the wooded half is ready for timbering, the offering also includes a cellular tower ground lease set to escalate April 1 2022. A single family residence custom built with timber harvested from the site sits close to the road frontage and would make an excellent neighborhood clubhouse or farm homestead.A field wetland delineation performed November 2022 found extremely sparse wetlands totaling only .62 acres. These are now flagged and ready for Corps of Engineers confirmation. A copy of the wetland sketch is attached in the documents section.Situated between NC 133 and NC 210 the location provides easy access to the booming Pender Commerce Park and other employers in the US 421 Corridor plus is within 15 miles of most major Wilmington Area employers, easy access to I-40, area beaches and Wilmington proper. The subject is located within a federally designated Opportunity Zone, providing an extremely favorable avenue to offset gains without the constraints of a 1031 exchange.Residential Performance zoning provides 15,000sf lots with septic by-right and 12,000sf lots with connection to municipal or community water and sewer systems. Municipal water is available at the NC-133 frontage. This tract could potentially support 300 or more single family residential lots with the appropriate infrastructure. The Wilmington MSA was recently found to be number one in the country for inbound moves and has been experiencing an increasingly severe housing shortage for years. These conditions create incredible opportunity for new housing developments in the area. Pender County is historically favorable to residential development with fewer barriers to entry than other counties in the region.Showings by appointment only, Listing Agent must be present.

This is an Active listing.

Broker Office Phone Number: 910-550-2788

Copyright © 2022NCRMLS/ Cape Fear Realtors MLS, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Price History View all +
Date PriceVarianceType
8/3/2022$2,700,000-Contract
5/10/2021$2,700,000--
5/9/2021$2,700,000-Listed
Listing By: Nest Realty via Data Source: NCRMLS/ Cape Fear Realtors MLS, Inc.
listing agent: Eric G Knight


Located at 884 Cheshire Road, Rocky Point, North Carolina 28457, this Farm / Agriculture is for Sale with a price of $2,700,000 USD. The property. This listing encompasses a lot of 133.81 Acres. See all Homes for Sale in Rocky Point.
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