127+/- Acres approved PUD in Shallotte

Hwy 17 & Smith Ave Shallotte, NC 28470

 Hwy 17 & Smith Ave, Shallotte, NC, 28470
 Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470  Hwy 17 & Smith Ave, Shallotte, NC, 28470
FOR SALE
Property Type:
Commercial Land Development
Amount:
$3,500,000
Last Verified:
Sep 01, 2023

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Description

127.45+/- acres at US 17 Bypass at Smith Avenue & Express Drive interchange recently annexed into the Town of Shallotte. The new Smith Ave. interchange proposed by NCDOT *(TIP Project U 5862) would provide direct access into the approximately 21 acres designated Commercial in the PUD. PUD includes approximately 25 acres for townhomes with 55 max units, 60 acres single family with max 250 units, 19 acres multi-family with max 300 units and 37.5 acres open space. Updated survey shows approximately 39 acres wetlands.

Located at US 17 Bypass at Smith Avenue & Express Drive interchange recently annexed into the Town of Shallotte. Across from the commercial corridor of Shallotte to Coastal Walk Marketplace (Starbucks, Ulta, Hobby Lobby), Shallotte Crossing Shopping Center (Belk, Home Depot, Office Depot, Chili's) with access to Main Street Shallotte shopping & dining. 35 miles from Wilmington, NC with the Port of Wilmington, ILM airport and I-40 and Myrtle Beach, SC along Hwy 17.

Residential development in Brunswick County is experiencing explosive growth, with the county planning department seeing a 572% increase in residential unit approvals among major subdivisions and planned developments between fiscal years 2020 and 2021, not including recently approved 2,132 acres for higher density zoning south of Highway 17 in Calabash. The Brunswick Pines project, one of biggest planned developments in Shallotte history, proposes building 570 housing units on 311 acres just north of Bricklanding Road and Hale Swamp Road in Shallotte. It's the second largest of nearly two dozen residential and commercial developments that are expected to double the town's population in the next few years.

Lot Size: 127.45 acres


Documents

svy_boundary_survey_for_annexation_081221.pdf
aec_post_usace_delinsketch_102422.pdf
aec_phase_1_environmental_survey_031822.pdf
eng_approved_tia_101122.pdf
shallotte_board_of_aldermen_approves_ne...f_express_drive_news_newsargus.pdf

Map of Hwy 17 & Smith Ave, Shallotte, NC, 28470

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

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