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    Highlands Glen Dr Shallotte, NC 28470

    Sponsored
    For Sale
    $2,500,000

    16.3 Acres, Prime Location, 228 Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.3-acre development site presents a remarkable investment opportunity in Shallotte, North Carolina. Located at the entrance to The Highlands development, this property boasts approximately 1,500 feet of frontage along Frontage Road, which runs parallel to US Highway 17 South, ensuring excellent accessibility. The land is zoned MF-14 by the Town of Shallotte, allowing for the development of up to 228 units with a special use permit. Adding to its appeal, a 2.8-acre recreational pond is situated on the property. The strategic location offers unparalleled convenience, with close proximity to a wide array of retail, dining, and entertainment options, including well-known establishments such as Chick-fil-A, Walmart, Home Depot, Belk, Marshalls, and Food Lion. Easy access to Highway 17 South provides seamless connectivity, while the area's beautiful beaches and Myrtle Beach are just a short drive away. The property's Assessed Parcel Number (APN) is 1820004209. The asking price is $2,500,000, translating to approximately $88,670 per acre. This prime location and zoning potential make this a truly exceptional opportunity for high-density residential development.

    Property Features for 0 Highlands Glen Dr

    General Information

    Property type
    Land
    Lot Size
    710,028 SF

    HighLights

    • $2,500,000 asking price.
    • 16.3‑acre residential land parcel.
    • MF‑14 zoning, permitting 228 units with special use permit.
    • $88,669.95 per acre land value.
    • Located in Shallotte, NC, APN 1820004209.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Shallotte
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.370295573886
    Latitude
    33.987862915671

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    FAQs

    What type of property is this?
    Land - 16.3 Acres, Prime Location, 228 Units Possible
    Where is this land located?
    The property is located at Highlands Glen Dr Shallotte, NC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; 16.3-acre residential land parcel.; MF-14 zoning, permitting 228 units with special use permit.
    (910) 350-1200
    Request Owner's contact information
    Highlands Glen Dr Shallotte, NC 28470
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Highlands Glen Dr Shallotte, NC 28470
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