3.5ac NW First Street Teachey, NC 28464

This 3.5-acre tract is located within the town limits of Teachey, North Carolina. The property has two points of road access, with power, municipal water, and sewer available on-site. Sewer taps are available for $2,000, and water taps range from $1,850 to $2,450. Zoned R-10 Residential, the property requires a minimum lot size of 10,000 square feet, with setbacks of 25 feet in the front, 12 feet on the sides, and 30 feet in the rear. Permitted uses include single-family homes, duplexes, modular homes, manufactured homes, and multi-family dwellings. A Planned Residential Development is allowed on tracts of this size with density up to seven units per acre, subject to Town approval. The Future Land Use Map designates the property as Residential with general density up to four units per acre. The tract is also located in a federally designated Opportunity Zone. Investors may be able to defer capital gains taxes and potentially eliminate capital gains on appreciation if the property is held for ten years or more, subject to IRS guidelines. New homes are being built and sold in the area, making this a practical opportunity for a builder or investor looking for a manageable development site with utilities in place and room to grow. Teachey offers a slower pace while still being less than an hour from downtown Wilmington or I-95.