^^^ Click any photo above to view full size ^^^

Address:
The property is located between these two addresses:
219 Foxhall Rd, Newport, NC 28570
124 Cannon Blvd, Newport, NC 28570
Exact Map Location: –> https://goo.gl/maps/RP5qJqHGtCaeheUG6

50+ HOUSE SUBDIVISION CONCEPT PERFECT FOR A DEVELOPER, just 20 minutes away from the ATLANTIC OCEAN!

Here’s another concept drawing showing a connected road between north and south:

Please note, while these 50+ house concept drawings or something similar will probably be possible, these plans have not yet been approved by the town of Newport. It’s just a concept drawing of what *might* be possible, but please consider it to be an amateur drawing for illustrative purposes only, and buyer shall rely solely on their own research as to what can be done before making any purchasing decisions.

Moorehead City (17 minutes away) has a bunch of cool restaurants and bars, as well as Atlantic Beach NC (20 minutes away).

NEW construction homes just across Highway 70 to the west sold in 2023 for an average price of $395,900 at an average $ per SF of $205.

These figures are up from $365,900 ave sales prices and $191 $ per SF just the year prior in 2022, demonstrating a healthy 8.1% appreciation in just 1 year.

If this +8.1% annual appreciation trend continues for another year, 2024 sales could potentially be around $427,500 average sales prices and $222 Dollars per SF! Imagine a developer’s profit x50 houses!

Sewer can be extended and a water line already runs through the property.

The 50+ house concept sketches are drawn on top of a 2009 survey using the newly adopted R-10 zoning rules and very careful measurements. The 2009 survey only shows 32 buildable lots, however by rezoning the land to R-10 (officially completed in Jan 2024) 50+ houses should able to fit on the land.

Zoning & Planning Questions? The Town of Newport Planning and Zoning can be reached at: (252) 223-3733

Price: $795,000

Property Details:

APN: 633808895400000, 633808898315000, and 633808898825000

County GIS site:  https://arcgisweb.carteretcountync.gov/maps/
Acres: 30.0
Square Feet: 1,328,580
Zoning: R-10
Single Family House: Yes (buyer to verify)
Modular (pre-fab) Homes: Maybe (buyer to verify)
Mobile Homes: Probably not (buyer to verify)
Road Access: Dirt roads already cleared and created
City Water or Well: City WATER is available and runs through the property already (buyer to verify)
City Sewer or Septic: City SEWER is available from Foxhall Rd (buyer to verify)
Power Available: Yes (buyer to verify)
Topography: Flat
Land Surface: Trees with cleared dirt roads

Disclaimer

Buyer shall rely solely on their own research to inform their purchasing decisions regarding this property. All images and text found on this web listing are for conceptual and illustrative purposes only. Seller makes no guarantees, warranties, or representations about the land, its condition, what can be done on the property, or what can be built on the property.