328 Mccotter BlvdHavelock, NC 28532

Property Details for 328 Mccotter Blvd

Lot size

5.47 AC

Property type

Land

Property subtype

Multifamily properties

Description

This exceptional 5.47-acre commercial land parcel, located at 328 McCotter Blvd in Havelock, NC (zip code 28532), presents a lucrative investment opportunity for multifamily development. The property is zoned RM (Residential Multifamily), allowing for the construction of a substantial residential complex. Its strategic location between two existing apartment complexes ensures convenient access to utilities, including water, sewer, and power, streamlining the construction process. The site offers high growth potential and is ideally positioned for maximum return on investment. Detailed density analysis suggests potential for upwards of 68 units, ranging from a high-density configuration of approximately 72 garden-style apartments or 18-2 over 2 quad units, to a lower-density plan of 26 single-family lots. The asking price is $499,000, translating to $91,225 per acre. The APN is 6-220 - 5002 / 6-220-124. This property in Craven County represents a rare chance to capitalize on the thriving Havelock market and create a thriving residential community. Don't miss this chance to build your next successful project.

Location Insight

City

Havelock

County

Craven

State

North Carolina

Latitude

34.8679

Longitude

-76.8885

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