The Property is centrally located in New Hanover County with easy access to I-140, Brunswick and Pender Counties. Located off US Highway 133 and I-140 exit 17 interchange, it is positioned just past the General Electric manufacturing plant (2,000 employees) off Castle Hayne Road, roughly four miles north of the Wilmington International Airport and fifteen minutes north of Downtown Wilmington.
Consisting of over 4,000 acres, approximately 700 of which are considered to be upland acres, the offering features an abundance of wildlife canopied by mature timber, as well as
approximately eight miles of private river frontage along the Northeast Cape Fear River, representing a one-of-a kind and irreplaceable opportunity to create a destination and mixed-use, master-planned development.
The Property is located within the Rural Agriculture (RA) zoning district within New Hanover County which allows for 1 single family residential dwelling unit per acre. Though the existing zoning in place allows for the property to be developed for over 4,000 residential units, we expect one may desire to rezone the Property to a Planned Development (PD) which would allow for a mix of residential uses as well as mixed-use development. Demand for residential housing, the affordability of the market, and being that this tract is in the path of growth are a few of the drivers increasing the desirability for developers seeking the next great location for a master-planned development. The area represents a second home and destination market for those seeking access to the multitude of recreational activities Wilmington has to offer.
