PROPERTY FOR SALE: Road Access and Potential Rail, River Access
FOR SALE: ±87 acres of undeveloped property located on the Brunswick River in Navassa, North Carolina. This property sits on idyllic wooded land, situated just 7.5 miles from the Port of Wilmington, 10 miles from Wilmington International Airport, and 3 miles from the new Interstate Highway 140 interchange. Located in a Qualified Opportunity Zone, it is one of the largest properties available for sale and development near Wilmington. With highway, surface road, and the potential for rail and river access, the property offers a unique opportunity for commercial, light industrial, recreational, and/or residential development in Brunswick County, one of the fastest growing counties in the United States.
The future use(s) should be compatible with the Town of Navassa’s reuse goals, which include a town center-like development that could integrate with the planned Moze Heritage Center and Nature Park. The property offers a rare opportunity to create a walkable, mixed-use destination that combines retail, dining, office, and community gathering spaces into a vibrant environment.
In addition to the ±87 acres currently for sale, bidders may also propose to obtain a right of first offer to purchase an adjacent 32-acre area, once the environmental cleanup on that property is complete.
In 2024, the property was the subject of a Notice of Invitation to Bid. The initial bidding process yielded one bid, which did not meet bidding requirements designed to ensure compatibility with the Town of Navassa’s reuse goals. As a result, with community feedback, we plan to wait and evaluate if the future market will support a town center-like development preferred by the Town. We encourage those interested to review the Notice of Invitation to Bid and exhibits, as they include useful background information about the property, the sale requirements, and the Town’s redevelopment goals. If you are interested in learning more about the property, please contact Claire Morgan (cm@g-etg.com).
Exhibit A. Offer to Purchase the Main Property and, if applicable, the Water Access Property in the Amount of the Bid
Exhibit B. Escrow Agreement
Exhibit C. Statement of Bidder's Qualifications
Exhibit D. Authorization Form
Exhibit E. Confidentiality Agreement
Exhibit F. Form of Purchase and Sale Agreement
Exhibit G. Right of First Opportunity to Purchase Operable Unit 4 Form