+/- 2 Acres in Leland @ 109 Thomas Garst
Excellent Opportunity for Multifamily, Retail, Office or Hospitality Development
Marketing description
Available For Sale and positioned in one of southeastern North Carolina’s fastest growing corridors, 109 Thomas Garst Lane offers 2.08 acres of high visibility land with direct visibility from both Highway 74/76, Highway 17 and Highway 133. Located in the heart of Leland, this site presents an opportunity for redevelopment in a rapidly expanding market.
The property is zoned T5 (Urban Center), one of the most flexible and development friendly classifications within Leland’s zoning framework. T5 zoning supports mixed use, multifamily, retail, office, hospitality, and a variety of higher density urban development options. With allowable building heights up to five stories, a future development could potentially capture views of the Cape Fear River. This creates added value for residential, hospitality, or office projects seeking a vantage point and enhanced marketability.
An adjacent 3-acre parcel is also available, allowing for a combined ±5-acre development footprint. This larger assemblage enables:
• Higher density multifamily concepts
• Larger commercial footprints
• Mixed use village style developments
• Phased or master planned projects
• Interconnectivity into the neighboring shopping center
Leland continues to rank among the fastest-growing communities in North Carolina, driven by strong population inflow, new residential development, expanding job opportunities, increasing household incomes, close proximity to area beaches, Southport and Historic Downtown Wilmington. The area attracts a blend of young professionals, families and retiree’s, creating strong demand for multifamily housing, neighborhood retail, services, and hospitality accommodations. This demographic momentum supports long-term stability and makes the site an excellent choice for future focused developers.
The existing mobile home on the property does not convey with the sale. The property is also currently leased. Listing broker to provide additional details behind the short term lease structure.
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