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    OFF-MARKET
    Land

    117 Hwy, Burgaw, NC 28425

    29.51 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 29.51-acre commercial land parcel presents a unique development opportunity, strategically located at the high-visibility interchange of I-40 and US 117 in Pender County, North Carolina. Situated just minutes from Burgaw and a short 18-minute drive to Wilmington, this site boasts a significant advantage with a robust North Carolina Department of Transportation (NCDOT) traffic count of 30,000 vehicles per day. Previously platted for a fuel depot and refilling station, the property is fully graded and includes a pre-installed retention pond. Detailed preliminary engineering and site plans are available upon request, streamlining the development process. Utilities are provided by Pender County, serving the Town of Burgaw, with a "will serve" letter confirming a substantial 750,000 gallons per day (GPD) wastewater capacity and access to a 10-inch water main along US 117. Zoned General Business (GB), this property allows for a diverse range of commercial uses. The property's APN is 3314-71-0341-000. Located at 0 117 Hwy & I40, Union, NC 28425, this offering is priced at $1,750,000. Pender County's status as the second fastest-growing county in North Carolina underscores the exceptional growth potential and long-term value of this investment, supported by ongoing economic expansion, infrastructure improvements, and quality of life initiatives. This is a prime opportunity to capitalize on the burgeoning growth in one of North Carolina's most dynamic areas.

    Property profile
    Verified
    Property type Land
    Lot 29.51 ac (1,285,456 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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