Rezoned Townhome Development
For Sale
$895,000
114 Longstreet Drive, Wilmington, NC 28412
Land rezoned to R5 and approved for 12 townhomes, with planning documents ready for development.
Property Size51,836 SF
Lot Size1.20 Acres
Price / SF$17.27
Days on Market270
Property Features for 114 Longstreet Drive
General Information
Standard status
Active
Size
51,836 SF
Lot size
1.20 Acres
Property subtype
Land / Undeveloped
Zoning
R-5
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$2,605
Amenities
MLS
Listing Agency:
Flat Fee Realty and Management LLC
Listed By:
Patrick A Alderson · License #260610
(910) 515-3977
Source:
Compass
Added: Jan 5
Changed: Sep 28
Last Checked: Oct 1 at 1:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Flat Fee Realty and Management LLC
Investment Insights
Based on property information with market context.
This offering is a development-focused land parcel totaling approximately 1.2 acres. The property has been rezoned to R5 and is approved for the construction of 12 townhomes. Supporting materials are available, including a survey, preliminary site layout, soil test, and architectural plans, which are set to convey with the sale.
The lot is positioned in Midtown on the edge of the Pine Valley community. It is within walking distance of Pine Valley Country Club. The newly renovated golf course at the club is described as set to open in fall 2026. The property is also stated to be within 1–2 miles of Novant Hospital and Independence Mall, along with Cape Fear Country Club and Live Oak Bank Headquarters.
For builders and developers seeking an R5 townhome project with existing approvals and pre-development documentation already in hand, this site offers a straightforward path to plan advancement. The combination of rezoning, approved density, and conveyable planning materials may help reduce early-stage work and support timely project planning.
The lot is positioned in Midtown on the edge of the Pine Valley community. It is within walking distance of Pine Valley Country Club. The newly renovated golf course at the club is described as set to open in fall 2026. The property is also stated to be within 1–2 miles of Novant Hospital and Independence Mall, along with Cape Fear Country Club and Live Oak Bank Headquarters.
For builders and developers seeking an R5 townhome project with existing approvals and pre-development documentation already in hand, this site offers a straightforward path to plan advancement. The combination of rezoning, approved density, and conveyable planning materials may help reduce early-stage work and support timely project planning.
Key Highlights
- ~1.2‑acre lot rezoned to R5 and approved for the construction of 12 townhomes
- Development planning documents included: survey, preliminary site layout, soil test, and architectural plans
- Within walking distance of Pine Valley Country Club
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
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Business Placement
Demographics for 28412, NC
42,758
Population
20,704
Households
2.1
Avg Household Size
43
Median Age
41%
College-Educated
93%
High-School Grad
22.3 sq mi
ZIP Area
1,917
Density / Sq Mi
$67,396
Median Household Income
$40,351
Median Earnings
$1,326
Median Rent
$342,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land rezoned to R5 and approved for 12 townhomes, with planning documents ready for development.
Where is this residential land & home lot located?
The property is located at 114 Longstreet Drive Wilmington, NC.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: ~1.2‑acre lot rezoned to R5 and approved for the construction of 12 townhomes; Development planning documents included: survey, preliminary site layout, soil test, and architectural plans; Within walking distance of Pine Valley Country Club
