3.5ac NW First ST, Teachey, NC 28464
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3.5ac NW First ST, Teachey, NC 28464
3.5ac NW First ST, Teachey, NC 28464
3.5ac NW First ST, Teachey, NC 28464
3.5ac NW First ST, Teachey, NC 28464
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3.5ac NW First ST Teachey, NC 28464

3.59 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Residential Land

Listing Status Active

Purchase Type For Sale

Subdivision Not In Subdivision

MLS Listing ID 100555802

HOA Y/N No

Lot Size 3.590 Acres

Acres 3.59

Property Sub-Type Residential Land

Source Hive MLS

Property Description

This 3.5-acre tract sits inside the Town of Teachey city limits but still has that small-town country feel. The property has two points of road access and power, municipal water, and sewer available at the site. Sewer taps are $2,000, and water taps range from $1,850 to $2,450. The property is zoned R-10 Residential with a 10,000 square foot minimum lot size and standard setbacks of 25' in the front, 12' on the sides, and 30' in the rear. Permitted uses include single-family homes, duplexes, modular homes, manufactured homes, and multi-family dwellings. A Planned Residential Development is allowed on tracts of this size with density up to seven units per acre, subject to Town approval. The Future Land Use Map designates the property as Residential with general density up to four units per acre currently. The tract is also located in a federally designated Opportunity Zone. Investors who structure their purchase properly may be able to defer capital gains taxes and potentially eliminate capital gains on appreciation if the property is held for ten years or more, subject to IRS guidelines, talk to your accountant or tax professional for more info. Teachey offers a slower pace while still being less than an hour from downtown Wilmington or I-95. New homes are being built and sold in the area, making this a practical opportunity for a builder or investor looking for a manageable development site with utilities in place and room to grow.

Location

State NC

County Duplin

Community Not In Subdivision

Zoning R10

Direction I40 to Exit 385 (Wallace) - Left on Hwy 41 - follow to Hwy 117 and turn right - Go 2.4 miles and then turn LEFT on Lodge St - Cross railroad tracks and turn RIGHT on NW First Street - Property on left between 127 and 203 N West First Street - Also, go around the other side and find the McMillan St access in the curve, see photos

Rooms

Other Rooms None

Exterior

Utilities Available Sewer Available, Water Tap Available, Electricity Available, Utility Easement

Schools

Elementary Schools Wallace

Middle Schools Wallace

High Schools Wallace-Rose Hill

Others

Tax ID 093414

Acceptable Financing 1031 Exchange, Farm Credit, Will Not Divide, Cash, Conventional

Listing Terms 1031 Exchange, Farm Credit, Will Not Divide, Cash, Conventional

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors
Listed by Coldwell Banker Sea Coast Advantage
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3.5ac NW First ST