0 Ocean Highway

Shallotte, NC 28470

$1,100,000
Price
1,968,912 / 45.2
Lot Size / Acres
62deaa11539efc000731e5f3_ocean_hwy_west_
RAW

Description

Approximately 45.2 acres zoned C-LD/R7500 with over 350 feet of road frontage on Hwy 17 (Ocean Highway) in unincorporated Brunswick County. Proximity to fast growing Shallotte is ideal for combination of residential and/or commercial development. Based on market demographics and recent transactions in the immediate area, a built-for-rental community (BFR/SFR) may be highest and best use. Utilities are at the highway - buyer will need to consult with Brunswick County Utilities to confirm accessibility/capacity...Approximately 45.2 acres zoned C-LD/R7500 with over 350 feet of road frontage on Hwy 17 (Ocean Highway) in unincorporated Brunswick County. Proximity to fast growing Shallotte is ideal for combination of residential and/or commercial development. Based on market demographics and recent transactions in the immediate area, a built-for-rental community (BFR/SFR) may be highest and best use. Utilities are at the highway - buyer will need to consult with Brunswick County Utilities to confirm accessibility/capacity for their project. Pricing is based on density assuming existing zoning. C-LD allows for 7.3 single family/townhouse residential units/acre (with water/sewer) and 14 units/acre for multifamily. Offering includes 3.12 acres zoned C-LD. R7500 allows for 2.9 units/acre without water/sewer and 5.8 units/acre with water/sewer. Offering includes 42.08 acres zoned R7500. Link to Brunswick County UDO is part of this listing. Based on the acreage being offered, this would amount to a maximum of 287 units on 45.2 acres or $4,529/developed unit/lot with water/sewer. If buyer chooses to put multifamily in the C-LD portion, it could support 43 units on the 3.12 acres with highway frontage (approximately $7,650/door), while the R7500 section can provide 244 single family/townhouse units. Most new construction single family and townhomes in the area are selling for $280,000 to $350,000. Rental rates for similar products ranges from $1,350 - $2,600/month.
  1. Listed by Phil Marion • Berkshire Hathaway HomeServices Carolina Premier Properties

Property Details for 0 Ocean Highway

Subdivision Name
Not In Subdivision
Zoning
CLD
Waterfront
No
Waterfront
No
Waterview
No
LISTING UPDATED: 12/17/2024 03:14 PM

Property Details for 0 Ocean Highway

StatusActive
MLS #100416164
Days on Market369
Taxes$138 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand
Year Built-
Lot Size45.20 AC
CountyBrunswick County

Building Information for 0 Ocean Highway

Lot Size45.20 AC

Property Information for 0 Ocean Highway

Summary
Location and General Information
  • City: Ocean Isle Beach
  • State Or Province: NC
  • Postal Code: 28469
  • County Or Parish: Brunswick
  • Directions: Highway 17 South towards South Carolina. Pass old Shallotte Rd NW and the property is about a mile on the left hand side.
  • Latitude: 33.95
  • Longitude: -78.45
  • City Limits: No
  • Secondary Subdivision: N/A
  • Location Type: Mainland
  • Legal and Taxes: Zoning Details: CLD
  • Topography: Undeveloped: Yes
Taxes and HOA
  • Tax Other Assessment Amount Frequency: None
  • Association Fee: $.00
  • Tax Legal Description: Tr-2 45.20Ac Us-17 Plat X/216
  • Tax Book Number: 000
  • Tax Map Number: 2120002110
  • Tax Year: 2023
  • Tax Assessed Value: $11,250.00
  • Parcel Number: 2120002110
  • Tax Block: 000
  • Association: Yes
  • Tax Annual Amount: $138.48
  • Legal and Taxes: Cobra Zone: No
  • Legal and Taxes: Deed Book: 4475
  • Legal and Taxes: Deed Page: 756.0
  • Legal and Taxes: Legal: Tr-2 45.20Ac Us-17 Plat X/216
  • Legal and Taxes: PID: 2120002110
  • Legal and Taxes: Plat Book: 000
  • Legal and Taxes: Plat Page: 000
  • Legal and Taxes: Tax Assessed Value: $11,250.00
  • Legal and Taxes: Total Real Estate Property Taxes: $138.48
  • Legal and Taxes: Tax Year: 2023
School Information
  • School District: Brunswick County Schools
  • Middle Or Junior School: Shallotte Middle
  • High School: West Brunswick
  • Elementary School: Union
  • Legal and Taxes: School District: Brunswick County Schools
Property
Lot Information
  • Lot Size Units: Acres
  • Lot Size Acres: 45.2
  • Lot Size Area: 45.2
  • Lot Size Square Feet: 1968912.0
  • Acres - Total: 45.2
  • Lot Sq Ft: 1968912.0
  • Total Road Frontage: 358.00
  • Bldgs on Property: None: Yes
  • Soil Evaluation : Soil Evaluation - No: Yes
Property and Assessments
  • Legal and Taxes: Special Assessments: None
Green Features
  • Green Building Certify: Unknown: Yes
Interior and Exterior Features
Exterior Features
  • Association Amenities: No Amenities
  • Other Structures: None
  • Fuel Tank: None: Yes
Interior Features
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00

Property History for 0 Ocean Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 0 Ocean Highway

This home is within Brunswick County School District.
Rating
School
Type
Grades
Distance
Union Elementary
Public - K to 5
Shallotte Middle
Public - 6 to 8
West Brunswick High
Public - 9 to 12
The Coast
Public - 6 to 12
Rating
School
Distance
Union Elementary
PublicK to 5

Shallotte Middle
Public6 to 8

West Brunswick High
Public9 to 12

The Coast
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 0 Ocean Highway, Shallotte, NC 28470

0 Ocean Highway is a 45.2 ac of land for sale in Shallotte, NC 28470. This property was listed for sale on November 22, 2023 by Berkshire Hathaway HomeServices Carolina Premier Properties, it's currently listed at $1,100,000. This listing's school district is Brunswick County School District. Nearby schools include Union Elementary, Shallotte Middle and West Brunswick High. 0 Ocean Highway is a 0-bed, 0-bath, 45.2 ac of land on a 1,968,912 sq. ft. / 45.2 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices Carolina Premier Properties

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 12/17/2024 03:14 PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2024 Hive MLS