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110 Carolina Avenue, Leland, NC 28451

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For Sale

$339,900

4 beds • 2 baths • 1,678 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Single Family Detached
    Property type

  • $202.56
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

T-4 Development opportunity for roughly 15 Units. There a 4 bedroom 2 bath home in need of renovation on a 1.29 acre Lot. Zoning is T4 which would allow 15 units to be developed. Must confirm with zoning. See Zoning Notes........ Regarding your question about whether mixed-use is allowed, the answer is yes. In the T4 zoning district it allows for a live/work unit. A live-work unit is a mixed-use unit consisting of a commercial and residential function. The commercial function may be anywhere in the unit. It is intended to be occupied by a business operator who lives in the same structure that contains the commercial activity or industry. (Syn: Flexhouse.) Other types of mixed-uses such as a mixed-use block is not permitted. This type of use is typically seen with buildings that have apartments above and retail at the bottom, such as Harrington Square. With regards to your next question, how many single-family homes you can have on a property? You are only allowed 12 dwelling units per acre. This goes for multifamily style projects and subdivisions. This zoning district has a minimum lot width of 16', if you could get a bunch of 16' lots in your subdivision, you still couldn't go over the 12 units per acre. Lastly, with commercial, you can have your typical commercial buildings on this lot, however, uses such as a strip malls or shopping mall are not permitted. There is not a set number of units you can have on this property just ensure that it meets the lot occupation which is 70% max of the lot.
MLS# 100468484

Courtesy Of Red Realty Investors, LLC

(910) 777-2200

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Porch
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Floor Covering
    Wood
  • Lot Size
    1.29 Acres

Map and Directions

Directions to 110 Carolina Avenue, Leland, NC 28451

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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