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7-Home Mobile Home Park
For Sale
$1,500,000

1150 Garretts Way NE, Leland, NC 28451

Commercial Sale, Leland, NC

Property Size5,000 SF
Lot Size5.93 Acres
Price / SF$300
Days on Market329

Property Features for 1150 Garretts Way NE

General Information

Property type Commercial Sale
Property subtype Other
Zoning Co-R-6000
Subdivision Not In Subdivision
Lot features Open Lot, Wooded
Directions From Hwy 17 - Turn onto Lanvale Road, go 2.6 mi, them make right onto King Rd NE. Go .21mi. parcel is on the right. From Hwy 74 - Take the Mt.Misery/Lanvale Rd NE Leland Exit. Go 1.33mi. Turn left onto King Rd NE. Go .21 mi. The parcel is on the right.
Standard status Active
APN 0370002402
Size 5,000 SF
Lot size 5.93 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description T-3 5.93 Ac Strickland Estates Pl 26/306
Legal Description T-3 5.93 Ac Strickland Estates Pl 26/306

Utilities

Heating system Electric (Heating)

Building Details

Number of units 7
Listing Agency: East Atlantic Realty LLC
Listed By: Adam Hashem · License #318849
Added: Oct 15, 2025 Changed: Aug 19 Last Checked: Sep 8 at 7:06AM
MLS# 100536239

Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mobile home park spans 5.93 acres and includes 7 park-owned homes, each occupied by a tenant. Long-term residents are in place, and every home has separate metering for public utilities. Most of the units date to the 1990s, with titles in hand and electric heating provided.

The property is located 8 minutes from the Leland Walmart and U.S. Highway 17 in Leland, North Carolina. Zoning is Co-R-6000. The site previously operated as a 15-lot mobile home park, providing historical context for its existing layout and capacity.

Key Highlights

  • 5.93‑acre mobile home park with 7 park‑owned homes
  • All 7 homes are tenant‑occupied by long‑term residents
  • Separate public‑utility meters serve each mobile home

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Auto Parts Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

40
Businesses Nearby

Demographics for 28451, NC

39,025
Population
19,672
Households
2
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
172.2 sq mi
ZIP Area
227
Density / Sq Mi
$77,380
Median Household Income
$41,164
Median Earnings
$1,465
Median Rent
$315,300
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mobile home & RV park - Tenant-occupied park with separately metered public utilities and long-term residents.
Where is this mobile home & rv park located?
The property is located at 1150 Garretts Way NE Leland, NC.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5.93‑acre mobile home park with 7 park‑owned homes; All 7 homes are tenant‑occupied by long‑term residents; Separate public‑utility meters serve each mobile home
More about this property
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