823 Riversea SE blvd
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823 Riversea SE blvd
8.73 Acres of Commercial Land Offered at $2,100,000 in Bolivia, NC 28422
Investment Highlights
- Prime Commercial Acreage: 8.73-acre tract with 750+ feet of frontage near Riversea, a thriving lifestyle community.
- High Visibility: Gently sloping terrain ensures excellent visibility from Highway 211, with over 19,500 VPD (three years ago, likely higher now).
- Riversea Community Access: Connected to a gated community of 579 residences, with rising property values and ongoing construction.
- Development Opportunity: Ideal for 1031 exchange or commercial development, with a concept plan for a 45,000 SF project ready for execution.
- Flexible Zoning: Supports various uses, including medical, professional office, or retail, under CLD and NC zoning classifications.
- Preliminary Due Diligence: Seller offers engineering and due diligence documents to aid in the development process.
Executive Summary
Prime 8.73 acre commercial tract fronting the lifestyle community Riversea. Great prospect for 1031 or development given the area's improving economic
prospects. The site has over 750+ feet of frontage between the signage at entrances from 211 on both sides ofthe property. The site slopes gently towards
Highway 211 from the back ensuring excellent visibility. The most recent NC DOT traic showed was West ofthe site, but before StoneChimney Road, and
totaled 19,500 VPD. This count is three years old and certainly not consistent with today's number.
Part oftheRiversea PUD designated Commercial, this site accommodates uses under theCLD and NC zoning classifications. The multitude of potential uses
range from medical or professional oice to retail. The concept plan shown, detailing a 45K SF development, may be constructed by right. Seller's have some
due diligence and engineering work that could be turned over upon reaching Contract.
Riversea is a gated community with 579 planned residences, with no developer owned lots remaining. At present there are approximately 50 homes in various
stages of construction and prices have escalated rapidly during the previous year. Vacant lots are marketed, depending upon the section, from $50,000 for
interior lots to almost $200,000 for river/marshfront lots. ThePOA is in a strong financial position and keeps the grounds/amenities in great shape. This site
would be accessed by streets owned by Riversea POA, hence a road agreement would be required
prospects. The site has over 750+ feet of frontage between the signage at entrances from 211 on both sides ofthe property. The site slopes gently towards
Highway 211 from the back ensuring excellent visibility. The most recent NC DOT traic showed was West ofthe site, but before StoneChimney Road, and
totaled 19,500 VPD. This count is three years old and certainly not consistent with today's number.
Part oftheRiversea PUD designated Commercial, this site accommodates uses under theCLD and NC zoning classifications. The multitude of potential uses
range from medical or professional oice to retail. The concept plan shown, detailing a 45K SF development, may be constructed by right. Seller's have some
due diligence and engineering work that could be turned over upon reaching Contract.
Riversea is a gated community with 579 planned residences, with no developer owned lots remaining. At present there are approximately 50 homes in various
stages of construction and prices have escalated rapidly during the previous year. Vacant lots are marketed, depending upon the section, from $50,000 for
interior lots to almost $200,000 for river/marshfront lots. ThePOA is in a strong financial position and keeps the grounds/amenities in great shape. This site
would be accessed by streets owned by Riversea POA, hence a road agreement would be required
Property Facts
| Price | $2,100,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 8.73 AC |
| Price | $2,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 8.73 AC |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 8.73 AC |
| Price Per AC | $240,550 |
| Price | $2,100,000 |
| Price Per AC | $240,550 |
| Lot Size | 8.73 AC |
Prime 8.73 acre commercial tract fronting the lifestyle community Riversea. Great prospect for 1031 or development given the area's improving economic
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zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
-
PJ Doherty, CCIM -
Carolina Commercial Investment Properties
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823 Riversea SE blvd
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