5503 Myrtle Grove Road, Wilmington, NC 28409 (MLS# 100375774)

5503 Myrtle Grove Road, Wilmington, NC 28409

$1,900,000

Virtual Tour

https://hardee-hunt-and-williams.seehouseat.com/2109622?idx=1

Property Type: Land Lot Size (sq. ft.): 609,840 Status: Closed

Current Price: $1,900,000 List Date: 3/24/2023 Last Modified: 9/05/2023

Overview

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.

Listing Details MLS# 100375774

Contract Info

Delayed Marketing?: No
Marketing Start Date: 2023-03-24
Sub-Type: Residential Lot
Auction: No
Listing Price: 2190000
List Price/Acre: 156428.57
Stipulation of Sale: Standard

Location Information

Street #: 5503
Street Name: Myrtle Grove
Street Suffix: Road
County: New Hanover
State/Province: NC
Zip Code: 28409
City Limits: No
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A

Remarks and Showing

Directions to Property: From the intersection of Piner Rd, S College Rd, and Carolina Beach Rd, take Piner Rd. Turn left onto Myrtle Grove Rd. Properties will be on the right, before the Grissom Rd intersection
Sign on Property: Yes

Property Exterior Info

Acres - Total: 14
Lot Dimensions: Various
Lot SqFt: 609840
Deed Restrictions: No
Total Road Frontage: 547
Waterfront: No
Waterview: No
Location Type: Mainland

Legal and Taxes

Tax Assessed Value: 1502700
Deed Book: 6493
Deed Page: 56
Legal: See attached docs for additional parcels
Broker Owner: No
PID: R07616-003-002-001
Tax Identifier: R07616-003-002-001
Special Assessments: None
Tax Year: 2023
Zoning: R-15
HOA: No
Cobra Zone: No
Elementary School: Bellamy
Middle School: Myrtle Grove
High School: Ashley

Status Change Info

Under Contract Date: 2023-04-25
Sold Date: 2023-08-16

More Information

Property Features

Bldgs on Property: See Remarks Soil Evaluation: Soil Evaluation - No Frontage Type: See Remarks Topography: Cleared/Partial Fuel Tank: None Environmental Hazard: Unknown HOA and Neigh Amenities: No Amenities Terms: 1031 Exchange; Cash; Conventional

IDX

Listing Office: Hardee Hunt & Williams

Last Updated: September - 05 - 2023

Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.