Investment Overview
The 21.677-acre site has 4.38 acres developable and identified as uplands. The property includes 12 boat slips with plans in the works to add several more. It’s B-4 zoning permits hotels, condos, multi-family and short-term rentals. Located next to the beach, back bay and the wildlife refuge, the site is also in close proximity to Red Mill Commons making it a unique and rare development opportunity.
Investment Highlights
- Zoned for 156 Residential Units
- Direct beach access easement from site
- Adjacent to False Cape State Park and Back Bay National Wildlife Refuge
- 15-minute drive to the fast-growing Red Mill market, which has major retailers including Target, Harris Teeter, Walmart Supercenter, Home Depot, Michaels, T. J. Maxx and many others
- Nimmo Parkway extension will reduce driving distances and add alternative routes to and from Sandbridge