517 Greenville AveCarolina Beach, NC 28428

This 0.23-acre lot at 517 Greenville Ave, Carolina Beach, NC 28428, presents a remarkable development opportunity. Zoned R-1, it allows for the construction of up to four townhomes without requiring rezoning, significantly streamlining the development process. Recent comparable new construction townhomes in the area have sold for $650,000 to $725,000, indicating strong potential return on investment. The property's location offers exceptional convenience, being within walking distance of the beach, a highly desirable feature for potential homeowners. The asking price for this assignment of contract is $770,000. Note that the existing structure on the lot will require demolition prior to new construction. The property's Parcel Identification Number (PID) is R09009-016-001-005. This is situated in a high-demand area, promising significant returns in Carolina Beach's thriving real estate market. Short-term rental projections are available upon request. This is an exceptional opportunity for developers seeking a prime location and straightforward development path. The property is located in the X flood zone.