257 Peiffer Avenue, Wilmington, NC 28409 (MLS# 100429291)

257 Peiffer Avenue, Wilmington, NC 28409

$2,563,000

Property Type: Land Lot Size (sq. ft.): 309,276 Status: Closed

Current Price: $2,563,000 List Date: 5/17/2024 Last Modified: 4/02/2025

Overview

Description

Cadence Realty is pleased to present Bradley Heights at Oleander, an incredible development opportunity featuring a R-5 (CD) zoned development site, which will support the construction of 61 townhome units spanning approximately 7.10 acres. Current ownership has already completed the vast majority of the necessary upfront legwork for the pre-construction process, allowing new ownership to move towards the construction phase of the development process quickly, thus reducing development risk. Currently in TRC with final TRC approval and permitting expected in April 2024, this courtyard-style townhome community allows for 61 units consisting of duplexes, triplexes, and quadplexes. Please contact the listing agent for additional information.

Listing Details MLS# 100429291

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2024-02-23
Sub-Type: 5+ Multi-Family
Listing Price: 2806000
List Price/Acre: 395211.27
Stipulation of Sale: Standard

Location Information

Street #: 257
Street Name: Peiffer
Street Suffix: Avenue
County: New Hanover
State/Province: NC
Zip Code: 28409
City Limits: Yes
Marketing City: Wilmington
Subdivision: Bradley Heights
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: East of Wrightsville Beach, Right Military cutoff Rd, Left Peiffer Ave off of Oleander Drive.
Sign on Property: Yes

Property Exterior Info

Acres - Total: 7.1
Lot SqFt: 309276
Deed Restrictions: No
Total Road Frontage: 300
Waterfront: No
Waterview: No
Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 96900
Deed Book: 6477
Deed Page: 1632
Legal: PT 14 BRADLEY HGTS HARNETT
Broker Owner: Yes
PID: R06211-002-004-000
Tax Identifier: R06211-002-004-000
Plat Book: 5
Plat Page: 5
Tax Year: 2024
Zoning: R-5 (CD)
Cobra Zone: No
Elementary School: Bradley Creek
Middle School: Roland Grise
High School: Hoggard

Status Change Info

Under Contract Date: 2024-11-26
Sold Date: 2025-04-01

More Information

Property Features

Current Use: Vacant Bldgs on Property: None Soil Evaluation: Soil Evaluation - Yes Topography: Undeveloped Fuel Tank: None Environmental Hazard: No HOA and Neigh Amenities: No Amenities

IDX

Listing Office: Cadence Realty Corporation

Last Updated: April - 02 - 2025

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