Sunset Blvd N Development Land

Sunset Blvd N & Circle Dr Sunset Beach, NC 28468

Sunset Blvd N & Circle Dr, Sunset Beach, NC, 28468
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FOR SALE
Property Type:
Other Land
Amount:
$1,408,000
Last Verified:
Feb 05, 2024

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Description

Parcel 256CC001 is 3.52+/- Acres, Parcel 256BB001 is 11.72+/- Acres. Total 15.24+/- Acres along Sunset Boulevard N in Sunset Beach opposite Sea Trail Golf Resort, running from The Village at Sunset Beach Shopping Center towards the traffic circle carrying you to the Island of Sunset Beach, one of the highest net worth zip codes in the three-county Wilmington Region. Property is 200' deep and can be subdivided for development. Listed For Sale at $400,000 per Acre.

The central Retail, Restaurant and Professional Services destination of The Village at Sunset Beach serves the high net worth year-round population of the South Brunswick Islands, as well as the extended season golf and beach tourism community. Directly adjacent from the property is Sea Trail Plantation, a master planned neighborhood in a resort-like setting offering three 18 hole golf courses. Less than one mile away is the bridge to Sunset Beach, ranked #4 in National Geographic's '21 Best Beaches in the World'.

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 Stone Farm development project between Sunset Beach and Calabash, anticipated for completion in phases over the next 7 to 10 years, involves 1,009 acres that could contain nearly 1,800 homes, 363 townhomes and about 45 acres of commercial development and is located of Old Georgetown Road (Highway 179) approximately two miles east of this site.

Brunswick County ranked as the fastest-growing county in NC from 2021-2022, with a growth rate of 5.7%, and is the fastest-growing from 2020 with a population increase of 12%. It was the only county in NC to rank in the top 10 in percentage growth in the US, ranking seventh. This does not account for the high net worth second homeowners and visitors to the South Brunswick Islands. Brunswick’s tourism figures for 2020 and 2021 were so strong that they eclipsed visitor spending in New Hanover (Wilmington), typically the highest in the tri-county region, according to an annual Visit North Carolina report that draws from a variety of data to calculate the money spent on food, lodging, recreation, retail and transportation in each of the state’s counties.

In the 2023 Wilmington Business Journal Book on Business, the Town of Calabash ranks #4 in the three-county Wilmington Region of Wealthiest Zip Codes, with adjacent Sunset Beach #6 and Ocean Isle Beach #1. Sunset Beach is ranked number 4 on National Geographic’s “21 Best Beaches in the World” and Ocean Isle Beach was voted ‘The South’s Best Tiny Town’ by Southern Living Magazine.

Lot Size: 3.52 acres

Map of Sunset Blvd N & Circle Dr, Sunset Beach, NC, 28468

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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:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.