386 Acres - Development Land

Vacant Land for Sale
Catylist Listing ID: 30041366
Property Subtypes: Multi-Family, Office, Residential (Single Family), Retail
Gross Land Area: 386 Acres
Sale Price: $2,200,000
Unit Price: $5,699 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/20/2017

Overview / Comments

Subject consists of +/- 386 acres located on Gum Branch Road in Jacksonville, North Carolina near the Gum Branch Road/Western Boulevard intersection. Site features commercial zoning along frontage followed by an area of multifamily zoning; remainder of the tract has a single-family residential designation.
Subject was formerly known as the Villages at Cypress Creek and then later as the Vineyards. For the latter, the tract was previously planned for 574 SFR lots, an amenity area and 16.5 acres of commercial.

Additional Details

Nearest MSA: Jacksonville
County: Onslow
Tax ID/APN: 060088
Zoning: CC, RMF-HD, & RSF-7 (CITY OF JACKSONVILLE)
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,457 32,441 70,276
Median Age: 25.7 29.01 28.79
Households: 2,556 12,273 26,546
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