Morris Landing at Surf City Development Site

Capstone is pleased to present the Morris Landing at Surf
City Development Site, a 22.8-acre, zoned and entitled multi-family site
located in Holly Ridge, North Carolina. Morris Landing at Surf City is approved
for 70 build-for-rent or build-for-sale units by-right. The project presents
developers with the rare opportunity to acquire a site that includes fully
approved plans, as well as 100% completed engineering drawings for 70 units.
With the majority of upfront work completed, developers can focus on
immediately initiating construction and capitalizing on the robust growing
market of Holly Ridge. Additionally, Morris Landing at Surf City is located
within close proximity to the hottest vacation locations in North Carolina. The
site is situated in a prime location within proximity to all major attractions,
including Topsail Beach and Ocean City Beach. Additionally, the site’s
convenient location provides easy access to an abundance of restaurants, shops,
and entertainment options. The zoned and entitled site presents developers with
a unique opportunity to deliver a new product to the growing market of Holly
Ridge.

Investment Highlights:

Development Flexibility | Build as For-Rent or For-Sale Product By-Right

Zoned & Entitled for 70 Individual Lots

Centrally Located to the Hottest Vacation Spots in North Carolina

Proven For-Sale New Construction Demand & BTR Surge

Red-Hot Market with Explosive Growth