Property profile

110 Carolina Ave Leland, NC 28451

OFF-MARKET
Land
Property ID
US53-1041727
1.29 ac lot
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Property summary

AI-generated overview

This exceptional 1.29-acre lot in Leland, North Carolina, presents a remarkable development opportunity. Located at 110 Carolina Ave, Brunswick County, zip code 28451, the property is zoned T4, allowing for the potential development of approximately 15 units. Currently featuring a four-bedroom, two-bathroom house requiring renovation, this site offers flexibility for various projects. The T4 zoning permits mixed-use development, including live/work units, combining residential and commercial functions within a single structure. While larger mixed-use developments like multi-story buildings with retail below are not permitted, typical commercial buildings are allowed. The zoning regulations specify a maximum of 12 dwelling units per acre for multifamily projects and subdivisions, with a minimum lot width of 16 feet. The maximum lot occupation is 70%. This property is being offered for sale by owner at $339,900. Serious inquiries are encouraged to verify zoning details and explore the full potential of this prime development site. The property's latitude and longitude coordinates are 34.2335386, -78.0038503 respectively.

Property profile

Verified
Property type Land
Lot 1.29 ac (56,192 SF)
UPID US53-1041727

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

110 Carolina Ave Leland, NC 28451
Leland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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