+/-120 acre Residential Performance development tract in fast-growing Rocky Point for less than $10,000/acre, located nearly adjacent to the NC-133 and US-117 intersection and in a designated Opportunity Zone. Positioned within 15 miles of most major Wilmington Area employers, easy access to I-40, area beaches, Historic Downtown Wilmington and a vast array of outdoor recreation opportunities--the location appeals to a large group of potential homebuyers as proven by the incredible success of other nearby new home developments. Residential Performance zoning provides 15,000sf lots with septic by-right and 12,000sf lots with connection to municipal or community water and sewer systems. Municipal water is available at the NC-133 frontage. This tract could potentially support 250 or more single family residential lots with the appropriate infrastructure. A Planned Unit Development including townhouses or multifamily may provide even more density. The Wilmington MSA was recently found to be number one in the country for inbound moves and has been experiencing an increasingly severe housing shortage for years. These conditions create incredible opportunity for new housing developments in the area. Pender County is historically favorable to residential development with fewer barriers to entry than other counties in the region.

Source: CINC