5503 Myrtle Grove Road, Wilmington, NC 28409

$1,900,000
Sold Price
$1,900,000
List Price
$2,190,000
Status
CLOSED
MLS#
100375774
Closing Date
Aug 16, 2023
Days on Market
32
Acres
14
Neighborhood
Not In Subdivision
Stipulations
None

Property Description

14+/- Acres now available for purchase on Myrtle Grove Road. This multi-parcel opportunity includes the locally renowned workshop of T.N Simmons, founder of the famed Simmons Sea Skiff. Tract includes (6) parcels providing approximately 14 Acres and 547Ft of direct frontage along Myrtle Grove Road. Existing structures: 3BR/1BA residential dwelling; 2BR/1BA residential dwelling; Three woodworking shops; One glassmaker shop. Total existing leases gross over $50,000 annually. New Hanover County Zoning is currently R-15. Maximum development yield may be achieved through NHC ''performance residential'', allowing 2.5 Units per Acre.

Additional Information

Available Amenities
No Amenities
Elementary School
Bellamy
Middle School
Myrtle Grove
High School
Ashley

Mortgage Calculator

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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hardee Hunt & Williams. Selling Office: Prosper Real Estate.

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