Mallory Creek Multi-Family Tract

1400 River Rd, LelandNC 28479

$4,320,000

Listing Details

List Price
$4,320,000
List Price Per SF
$5.38
List Price Per Acre
$234,440
List Date
7/05/2022
Listing ID
31671390

Mallory Creek Multi-Family Tract

Mallory Creek Land & Timber is pleased to offer for sale approximately 18 acres for a proposed Class A garden-style multi-family development. Based on the conceptual land plan prepared by H+W Design, the property can accommodate 288 units (3-story walk-ups), complete with stormwater, clubhouse, pool, and outdoor amenities. The concept is surfaced parked at a ratio of 1.9 spaces per unit. The asking price is the greater of $4,320,000 or $15,000 per MF unit.

The subject property is located on River Road (Highway 133) at the entrance of Mallory Creek Plantation. Located just minutes from Leland proper and downtown Wilmington, this infill site is well positioned to capitalize on the tremendous growth and development occurring in the Leland marketplace. Mallory Creek Plantation contains over 1,500 homes and will contain over 2,000 homes at full buildout, including a 700 home Del Webb community.

The property is situated in the Town of Leland, Brunswick County, North Carolina. The property is currently zoned C-1 by the Town of Leland. The site is entirely uplands, pursuant to Jurisdictional Determination notice SAW-2021-01942.

-Asking Price of $4,320,000 or the greater of $15,000/unit.

-Parcel ID’s - 05900009, 0590000920, 0590000921

-18.42 Acres with no wetlands

-Conceptual land plan supports 288 units at a 1.9 parks/unit

Space Details

Primary Use
Land
Secondary Uses
Multi-Family

Specific Address

1401 River Road, Leland, NC, 28479

Property Highlights

Type
 Land  
 Pending
Size
18.43 Acres
Zoning
LEC1

Contact

Bryan Greene

Cameron Management, Inc

John Gavin

Cameron Management, Inc

Attachments

BROKER

Source: NCCMLS

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