Mallory Creek Multi-Family Tract

Land

1400 River Rd, LelandNC 28479

Property Details

Location

Address
1400 River Rd, LelandNC 28479
County
Brunswick
Submarket

Building Size

Building Size

Building Details

Type
 Land
Number of Buildings
Occupancy Type
Percent Occupied
Building Class
Floors
Year Built
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
18.43 Acres
Land (SF)
802,675 SF
Zoning
LEC1
Lot Depth
Lot Width

Contacts

Current Listings

Mallory Creek Multi-Family Tract

$4,320,000
Cameron Management, Inc

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

Cameron Management, Inc

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

View Details
View Details

Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

BROKER

Source: NCCMLS

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