$3,000,000
Wallace, NC 28466
MLS# 100609068
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Property Description
PRIME 30-ACRE RESIDENTIAL & COMMERCIAL DEVELOPMENT OPPORTUNITY IN WALLACE, NC! Exceptional opportunity for builders, developers, and investors along NC Highway 41 in the growing Wallace market! This approximately 30-acre tract offers a combination of existing Highway Business (HB) zoning along the highway frontage and residential development potential throughout the remaining acreage. The property is currently part of a larger approximately 39.77-acre parcel, with the current owners retaining approximately 10 acres at the rear of the property for their personal use. The sale includes only the approximately 30-acre tract highlighted in the listing photographs, subject to final survey and subdivision. The retained acreage is not included in the offering. Approximately 1.60 acres along NC Highway 41 have previously been rezoned Highway Business (HB), creating an opportunity to explore commercial uses along the road frontage while developing a residential community on the remaining acreage. The residential portion is understood to be zoned RA-20, with preliminary concepts exploring the potential for approximately 50-60 single-family residential lots before accounting for roads, stormwater, infrastructure, and other development requirements. Final lot yield, commercial uses, access, and subdivision design are subject to applicable regulations and approvals. Conveniently located near established residential neighborhoods, shopping, restaurants, and the Wallace commercial corridor, this property presents an opportunity for residential subdivision development, commercial frontage investment, or a thoughtfully planned combination of both. Bring your vision and explore the possibilities of this unique development opportunity! Buyers and developers are encouraged to conduct their own due diligence regarding zoning, utilities, water and sewer capacity, access, subdivision requirements, and development feasibility. Acreage and boundaries are approximate until the proposed 30-acre tract is formally surveyed and separated.
Details
Legal and Taxes
Tax Assessed Value: 765200
Deed Book: 1991
Deed Page: 877
Legal: PT OF 39.77 AC, ISLAND CREEK TWP, MB 24 PG 218, DB 1991 PG 877, APPROX 30 AC TO BE SURVEYED
Broker Owner: No
PID: 331601159766
Tax Identifier: 331601159766
Special Assessments: None
Tax Year: 2026
Zoning: RA-20/HB (Mixed
Location Information
Street #: 5412
Street Name: Carolina 41
County: Duplin
State/Province: NC
Zip Code: 28466
City Limits: Yes
Marketing City: Wallace
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.748438
Geo Lon: -77.959238
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2026-10-01
Sub-Type: Residential Lot
Listing Price: 3000000
Current Price: $3,000,000
List Price/Acre: 100000
Stipulation of Sale: Standard
Remarks and Showing
Directions to Property: From I-40, take Exit 385 toward Wallace/Rose Hill and follow NC-41 toward Wallace. Continue along NC-41 to 5412 S NC 41 Highway, Wallace, NC 28466. Use Google systems for exact location. Property consists of approximately 30 acres fronting NC-41, as outlined in the listing photographs. Please contact the listing agent before entering the property.
Sign on Property: No
Property Exterior Info
Acres - Total: 30
Lot SqFt: 1306800
Waterfront: No
Waterview: No
Location Type: Mainland
Property Features
Current Use: See Remarks
Possible Use: Commercial; Development; Mixed Use; Residential; Subdevelopment; Other; See Remarks
Bldgs on Property: Manufactured Home; See Remarks
Soil Evaluation: Soil Evaluation - No
Frontage Type: See Remarks
Topography: Cleared/Partial; See Remarks
View Type: See Remarks
Fencing: See Remarks
Fuel Tank: None
Other Equipment: None
Environmental Hazard: Unknown
Lot Features: Cleared; Development; Rectangular Lot; Shopping Nearby; Split Possible; Subdivision
Utilities: Cable Available; Electricity Connected; Sewer Available; Sewer Tap Available; Water Available; Water Connected; See Remarks
Sewer: County Sewer; Municipal Sewer; Other; Septic Tank
Water Source: County Water; Municipal Water; Well
Lot Water Features: None
HOA and Neigh Amenities: See Remarks
Terms: Cash; Conventional; FHA; See Remarks; USDA Loan
IDX
Listing Office: Coldwell Banker Sea Coast Advantage
Last Updated: October - 09 - 2026
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