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$1,800,000
386 Acre Will Cottle Lane Highway
Calypso, NC 28325
MLS# 100066899
Status: Closed



P1090505
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Property Description
This Property is an excellent +/- 386 acre tract of land located in rural, industrial Duplin County in southeastern North Carolina, just two miles east of Wayne County. Location: The Property lies along four-lane interstate connector NC Hwy 403, just 2.5 miles from the interstate (I-40), and 77 Interstate miles (1 hr, 14 min) to the Port of Wilmington, NC. It comes with infrastructure in place for the successful location or relocation of your growing industrial/manufacturing business. Complete with water and sewer, electric, natural gas, railway, four-lane highway connector to Interstate 40, executive 5-bedroom brick home, and smaller 3-bedroom operations manager home. Duplin County offers attractive tax credit incentives for your large employee status.

Details
Maps
Contract Info
Sub-Type: Agriculture
Auction: No
List Price/Acre: 4922.28
Stipulation of Sale: Standard
Status: Closed
Marketing Start Date: 2017-06-08
Listing Price: 1900000
Current Price: $1,800,000
Location Information
Modifier #: 215
City Limits: No
Marketing City: Calypso
Secondary Subdivision: N/A
Street #: 386 Acre
Street Name: Will Cottle Lane
Street Suffix: Highway
County: Duplin
State/Province: NC
Zip Code: 28325
Subdivision: Duplin
Geo Lat: 35.14922
Geo Lon: -78.114804
Remarks and Showing
Sign on Property: No
Directions to Property: Take I-40 Exit #355. Take NC Connector Hwy 403 (also Hwy 117) to bypass Faison and go to just East of Calypso. Turn Right onto Hwy 117. Go about 4/10 mile and turn Right onto a little service road, curve Left onto Will Cottle Lane, land is all around you at this point.
Property Exterior Info
Acres - Total: 386
Acres - Cleared: 225
Acres - Wooded: 161
Lot SqFt: 16814160
Deed Restriction: No
Waterfront: No
Total Road Frontage: 9504
Waterview: No
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 1298600
Total City Real Estate Property Tax: 0
Deed Book: 1530
Deed Page: 214
Legal: Three deeds. Books/Pages 1530/214, 1577/674, 1530/221. Add'l PIN #'s 256104515411, 256100405834
Broker Owner: No
PID: 256000384849
Tax Identifier: 256000384849
Plat Book: 0
Plat Page: 0
Special Assessments: NA
Deferred Taxes: Yes
Tax Year: 2017
Zoning: City & ETJ
HOA: No
Cobra Zone: No
Flood Zone: No
Elementary School: North Duplin
Middle School: None
High School: North Duplin Jr-Sr
Current Use
Agricultural: 1
Farm: 1
Residential: 1
Bldgs on Property
Garage: 1
Main House: 1
Storage: 1
HOA and Neigh Amenities
No Amenities: 1
Soil Evaluation
Soil Evaluation - No: 1
Topography
Cleared: 1
Cleared/Partial: 1
Level: 1
Marsh/Wetland: 1
Undeveloped: 1
Wooded: 1
Current Service Providers
Sewer Provider: City/Town
Water Provider: City/Town
Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Farm Credit: 1
Fencing
None: 1
Fuel Tank
None: 1
Environmental Hazard
No: 1
Lot Description
Dead End: 1
Farm: 1
Road Type/Frontage
Deeded Right of Way: 1
Maintained: 1
Paved: 1
Public (City/Cty/St): 1
Service Road: 1
See Remarks: 1
Utilities
Sewer Available: 1
Water Available: 1
Sewer
Community Sewer: 1
Septic Tank: 1
Water Source
Community Water: 1
Status Change Info
Under Contract Date: 2018-01-18
Sold Price: $1,800,000
Sold Date: 2018-03-28
Property Features
Current Use: Agricultural; Farm; Residential
Bldgs on Property: Garage; Main House; Storage
Soil Evaluation: Soil Evaluation - No
Topography: Cleared; Cleared/Partial; Level; Marsh/Wetland; Undeveloped; Wooded
Fencing: None
Fuel Tank: None
Environmental Hazard: No
Utilities: Sewer Available; Water Available
Sewer: Community Sewer; Septic Tank
Water Source: Community Water
HOA and Neigh Amenities: No Amenities
Terms: 1031 Exchange; Cash; Conventional; Farm Credit
Supplements
Develop your own industrial park selling off parcels you don't need to other growing businesses, making this site not only a valuable asset for your business, but an income producer for you as well. Although the bulk of the Property lies outside the town limits, all of the Property is in the ETJ (Extra Territorial Jurisdiction) of the town of Calypso. The town sewage system runs directly into the Northeast corner of the Property which lies within the town limits. This Property is situated within the unique 13-county territory ofthe North Carolina Global Transpark. The GTP is progressing in it's plan to be a multifaceted union of multi-modal transportation systems with state-of-the-art information and materials handling capabilities a visionary project that can serve as a springboard to success for literally decades to come, and yet, for all of its strategic promise, the GTP also represents a very good opportunity right now. Visit the GTP website to learn more about how this region of the country is attracting the future development of business and industry. Also available in this offering are two fine homes. The first is a very nice 5BR/3BA brick ranch country home with 3,272 sq ft of heated living space and attached garages. This wonderful brick executive home is absolutely full of features and craftsmanship. The first level revolves around a large kitchen, large breakfast area, all opening into a large family room. The home is replete with unique built-ins. The homes are serviced by a shared long tree-lined driveway. With this home there is also a 30X30 detached garage/outbuilding. Semi-secluded living with only one neighboring home. Great opportunity for upper management or executives to live onsite for hands-on oversight of your business operations. Great place for kids and animals in this semi-secluded setting far off a service road from the main Hwy 117 in Calypso. Secondly, a lovely smaller 3BR/2BA country home has a large family room, formal dining room, 2-car garage, back deck, a sunroom and a long front porch for enjoying a lazy afternoon watching the deer graze and the turkeys play in the surrounding lands and fields. This 1,896 sq ft home was built in 1992 and also comes with it's own outbuilding and the one nearby neighbor who has a nice brick home next door. In addition to helping solve some of your industrial and/or manufacturing needs, the beautiful crop farms and lands here in Duplin County, North Carolina create many pastoral scenes supporting peaceful lifestyles of a quiet countryside. The rich sandy soil in these fields will produce some of the best corn, soy beans, peanuts, blueberries, and vineyards found anywhere in the USA! Owner will consider selling the houses individually, separate from the land.

IDX
Listing Office: Southland Properties

Last Updated: October - 28 - 2022

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