Description
PRIME 30-ACRE RESIDENTIAL & COMMERCIAL DEVELOPMENT OPPORTUNITY IN WALLACE, NC! Exceptional opportunity for builders, developers, and investors along NC Highway 41 in the growing Wallace market! This approximately 30-acre tract offers a combination of existing Highway Business (HB) zoning along the highway frontage and residential development potential throughout the remaining acreage. The property is currently part of a larger approximately 39.77-acre parcel, with the current owners retaining approximately 10 acres at the rear of the property for their personal use. The sale includes only the approximately 30-acre tract highlighted in the listing photographs, subject to final survey and subdivision. The retained acreage is not included in the offering. Approximately 1.60 acres along NC Highway 41 have previously been rezoned Highway Business (HB), creating an opportunity to explore commercial uses along the road frontage while developing a residential community on the remaining acreage. The residential portion is understood to be zoned RA-20, with preliminary concepts exploring the potential for approximately 50-60 single-family residential lots before accounting for roads, stormwater, infrastructure, and other development requirements. Final lot yield, commercial uses, access, and subdivision design are subject to applicable regulations and approvals. Conveniently located near established residential neighborhoods, shopping, restaurants, and the Wallace commercial corridor, this property presents an opportunity for residential subdivision development, commercial frontage investment, or a thoughtfully planned combination of both. Bring your vision and explore the possibilities of this unique development opportunity! Buyers and developers are encouraged to conduct their own due diligence regarding zoning, utilities, water and sewer capacity, access, subdivision requirements, and development feasibility. Acreage and boundaries are approximate until the proposed 30-acre tract is formally surveyed and separated.
Details
| MLS # | 100609068 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 19 |
| Listing Provided By | Coldwell Banker Sea Coast Advantage | Kornerstone Group |
Features
| Zoning | RA-20/HB (Mixed |
|---|---|
| Acreage | 30.00 |
| Property View | None |
Exterior
| Lot Features | See Remarks, Development, Subdivided, Wooded |
|---|---|
| Topography | Cleared/Partial, See Remarks |
| Waterfront Features | None |
| View | None |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Sewer Available, Sewer Tap Available, Water Available, Water Connected, See Remarks, Electricity Connected |
|---|
Taxes
| Tax Assessed Value | 765200 |
|---|---|
| Tax Legal Description | PT OF 39.77 AC, ISLAND CREEK TWP, MB 24 PG 218, DB 1991 PG 877, APPROX 30 AC TO BE SURVEYED |
| Tax Year | 2026 |
Area Information
| State | NC |
|---|---|
| County | Duplin |
| City | Wallace |
| Zip Code | 28466 |
| Listing VS Median (in 28466) | |
Price: $3,000,000 low | high Med: $378,075 On site: 19 low | high Med: 143 | |
Market Activity 28466
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Duplin |
| City | Wallace |
| Zip Code | 28466 |
| Listing VS Median (in 28466) | |
Price: $3,000,000 low | high Med: $378,075 On site: 19 low | high Med: 143 | |