Location, Location, Location! This is the most convenient location for vacationers on Oak Island to build your Short Term Rental. You can use the new Publix shopping Center as your permanent next door pantry on demand. The property is also located across the street from the Oak Island Recreation Facilities. Friday Night Concert Series Venue, Farmers Market, Splash Pad, New Playground, and the newly built Beach Cabana. Best of all, you are just a walk to the beach! Don't let this enviable location on Oak Island get away from you. Get started building your new wonderful beach home on this perfectly located lot! Please reference the next door abutting improved property located at 120 SE 49th St that just sold for $950,000 six months ago and was built on the same size 4,356 sq ft lot. It has 5 bedrooms, 3 baths, 2016 sq ft of living space with a beautiful pool in the back yard and includes a 2 car garage. Buyer is responsible for verifying with the Town of Oak Island what type and size of structure can be built on this lot. As well buyer responsible to confirm flood zone. Please do your due diligence and reference a very recent comparative sale of 118 SE 49th St on July 14, 2023. 118 SE 49th St is an identical size lot and sold for $306,000 on 7/14/2023. Zoned for both commercial and residential. No HOA!