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0 Beach Dr - 11.5+/- Ac at Gateway to Calabash
11.52 Acres of Commercial Land Offered at $2,400,000 in Calabash, NC 28467
Investment Highlights
- Property has been partially cleared and is ready for development
- Across from the entrance to Kingfish Bay, a waterfront community
- Frontage on Hwy 179 Business (Beach Drive), Persimmon Drive and Thomasboro Road
- Minutes to historic Calabash Riverfront and several Brunswick County communities and golf courses
Executive Summary
11.52 Acres at the Gateway to Calabash, NC. Ideally situated for Mixed-Use or Commercial Development at the intersection of Highway 179B (Beach Drive) and Persimmon Road and bounded by Thomasboro Road to the north. This section of Highway 179 sees approximately 19,000 vehicles per day. 1,393.55 feet frontage on Beach Drive, 270.54 on Persimmon and 843 on Thomasboro. Water is available on all three sides and sewer is available on Thomasboro Road and Persimmon Road via 8" line. Force main sewer is available on Beach Drive for commercial development. Easy access to Highway 17 in Calabash, NC and Highway 17 in Little River, SC. Neighboring businesses include Town of Calabash and Calabash Fire Station, multiple restaurants and retail stores and Calabash Riverfront Restaurants and Recreational opportunities.
Property could be subdivided for highest and best use.
Property Facts
1 Lot Available
Lot
| Price | $2,400,000 | Lot Size | 11.52 AC |
| Price Per AC | $208,333 |
| Price | $2,400,000 |
| Price Per AC | $208,333 |
| Lot Size | 11.52 AC |
Description
Residential development in Brunswick County is experiencing explosive growth, with the county planning department seeing a 572% increase in residential unit approvals among major subdivisions and planned developments between fiscal years 2020 and 2021, not including recently approved 2,132 acres for higher density zoning south of Highway 17 in Calabash. Calabash has recently approved a 288-unit senior living multi-family project, a residential cluster community that will be a combination of 158 single-family and duplexes, 361 units of the Stone Farm development consisting of 150 single-family and 211 duplexes, and the 60 apartment units of Harbor Meadows adjacent to this site on Thomasboro Road which were recently completed and are being leased. The entire Stone Farm development, anticipated for completion in phases over the next 7 to 10 years, involves 1,009 acres that could contain nearly 1,800 homes, 363 townhomes and about 45 acres of commercial development and is located of Old Georgetown Road (Highway 179) approximately two miles east of this site. In the 2022 Wilmington Business Journal Book on Business, the Town of Calabash ranks #5 in the three-county Wilmington Region of Wealthiest Zip Codes, with adjacent Sunset Beach #3 and Ocean Isle Beach #1. Sunset Beach is ranked number 4 on National Geographic’s “21 Best Beaches in the World” and Ocean Isle Beach was voted ‘The South’s Best Tiny Town’ by Southern Living Magazine.
PROPERTY TAXES
| Parcel Number | 2410003010 | Improvements Assessment | $0 |
| Land Assessment | $794,880 | Total Assessment | $794,880 |
PROPERTY TAXES
zoning
| Zoning Code | CA-CB |
| CA-CB |
Presented by
0 Beach Dr - 11.5+/- Ac at Gateway to Calabash
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