Simply enter your name and number below and we'll be in touch.
The Carolinian East Condo Development is conveniently situated between Wilmington and Jacksonville in beautiful Holly Die NC. Located just off Highway 17 , (.5 miles) the properties location allows for quick and easy access to local amenities and surrounding metros. Current offering is for six (6) occupied condo units, one (1) 12 – Unit Unfinished condo building and two (2) pad sites ready for vertical development.
Using the income approach from the existing condo units to finance the completion of the remaining development!
Excellent opportunity to add to a quickly growing submarket in eastern North Carolina. Growth from Jacksonville has continued southward and from Wilmington Northward. Holly ridge and surrounding areas such as Surf City and Topsail Island have boomed into shrining bedroom communities with growing population and infrastructure.
This property is located just out side the Southern Entrance to Richlands NC.
Track 1: 64.52 Acres is on the North Side of Gum Branch Rd.
Track 2: 67.82 Acres is on the South Side of Gum Branch Rd
Track 3: 25.99 Acres is on the North Side of Gum Branch Rd
The land is mostly cleared, no wetland delineation is in hand at this time, however we can tell from county mapping that wetlands or the potential for them is present.
Therefore our pricing for the whole is based on the estimated net usable acreage for the property at $30,000.00 per acre.
Sellers are currently locating their survey and other documents for the property.
The US Marine Corps will be moving an 800-member MARSOC battalion to Camp Lejeune from Camp Pendleton beginning on January 1, 2020. This will effectively consolidate all three of the Marine’s elite special forces battalions on the east coast, headquartered at Lejeune.
Naval Facilities Engineering Command (NAVFAC) Mid-Atlantic, on behalf of Marine Corps Installations East, has announced that Phase one proposals are due December 17, 2019 for the following project packages:
• Package 3: Three projects, including five buildings – one training facility renovation, three new training facilities and one new warehouse – at Camp Lejeune. Package estimate is $275-$325 million (solicitation number N4008519R9253).
• Package 7: Four projects at MCAS New River including a barracks, academic building, a CH-53K and a C-12 hanger, each with associated facilities. Total estimated budget is $425-$475 million (solicitation number N4008519R9257).
All this means that the region is growing, and there will be a substantial need for additional housing.
Four Tracts of Land assembled to provide up to 58.86 acres of land in Holly Ridge NC. Tracts sizes run as follows:
Tract 1: 16.95 acres
Tract 2: 9.48 Acres
Tract 3: 20.03 Acres
Tract 4: 12.40 Acres
Total: 58.86 Acres
We are asking $14,000.00 per acre for all tracts. Tracts may be sold individually or in whole.
The property has two access points to Old Folkstone Road, in addition to the connectivity to Pilchers Branch Road. Located between Wilmington and Jacksonville the town of Holly Ridge plays as more of a bedroom community for the Jacksonville MSA with growth heading south to Holly Ridge.