308 Hooker Rd Wilmington, NC 28403
Rectangular land tract in Wilmington, NC, ideal for residential development.
Lot size:
3.72 AcresProperty Features for 308 Hooker Rd
General Information
- Lot size
- 3.72 Acres
Source:
Moodyscre
Listing Agent: Nicholas Silivanch
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Wilmington Land for Residential Development
This rectangular tract of land is centrally located in Wilmington, North Carolina, specifically in the Bradley Creek area and near UNCW. The property is situated on a high bluff, bordered by residential homes to the east and west, Hooker Road and a new residential community to the south, and a creek bed/blue line stream and residential neighborhoods to the north. The zoning of the parcels to the east and west is R-15, to the south is R-7, and to the north is MD-10, or multiple dwelling 10. Water and sewer are available in the front of the property, with sewer also accessible in the rear. According to CFPUA, there is capacity for a gravity-fed sewer line, but independent confirmation with CFPUA and plan review is recommended. Several structures are present on the property, but the primary value lies in the land and its development potential. Given the city's growth and the demand for diverse housing options, this site is well-suited for a mid-density residential community. The pricing is based on a mid-density development proposition of 10 units per acre. The property would be suitable for a townhome product akin to Shell Road Village, Forest Cove, Spartina, and Lions Gate.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Hanover
- State
- North Carolina
- Longitude
- -77.851052
- Latitude
- 34.225818
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Rectangular land tract in Wilmington, NC, ideal for residential development.
Where is this land located?
The property is located at 308 Hooker Rd Wilmington, NC.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: - Prime location in Wilmington, NC, in the desirable Bradley Creek area near UNCW, ideal for residential development.; - Significant development potential for a mid-density residential community (up to 10 units per acre).; - Rectangular tract on a high bluff, bordered by existing residential homes.