www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30956167
30956168

109 Thomas Garst Ln, Leland, NC 28451

TP
NC 249446
Sun Coast Partners Commercial
CC
NC NC252916
Sun Coast Partners Commercial
Listed by Sun Coast Partners Commercial
$1,196,000
88 days on market
Updated 84 days ago

+/- 2 Acres in Leland @ 109 Thomas Garst

Details
Property Type Land
Sub Type Commercial
Acreage 2.000
Zoning T5

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.

Listing Contacts

TP
NC 249446
Sun Coast Partners Commercial
CC
NC NC252916
Sun Coast Partners Commercial
Listed by Sun Coast Partners Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Tyler Pegg
License
249446
Brokerage
Sun Coast Partners LLC
Name
Cody Cress, SIOR
License
NC252916
Brokerage Phone
9104098421
Title
NC
Brokerage Address
1430 Commonwealth Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591