Nc 87 - Multifamily Sanford, NC 27330
Nearly 50 acres ideal for multifamily and townhome development.
Property size:
51 SFLot size:
51.12 AcresProperty Features for Nc 87 - Multifamily
General Information
- Size
- 51 SF
- Lot size
- 51.12 Acres
Source:
Lee-associates
Listing Agent: Hunter Stewart
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Sanford Multifamily/Townhome Development Opportunity
This property presents an opportunity for multifamily and townhome development in Sanford. The site consists of nearly 50 acres of land and is located off NC Hwy 87, providing access to Hwy 421 leading to Lillington, NC, and Hwy 87 to Fayetteville and I-95. The US Hwy 421 bypass around Sanford offers a four-lane, divided highway route to US 1 towards Raleigh-Durham. Recent maps indicate that the future I-685 will align with the subject site. The property is situated across from several active projects, including two residential subdivisions totaling 1,260 units. Diagonal to the site is South Park Village, a multifamily subdivision built in 2016 with 408 units. Carolina Trace Country Club, featuring two 18-hole golf courses designed by Robert Trent Jones, Sr., surrounds the development. The location benefits from its proximity to national retailers and restaurants along a retail corridor. The zoning is NC 87 Mixed Use Conditional Zoning District. The site allows for approximately 672 multifamily units and approximately 74 townhome units. Traffic counts are 35,000 vpd.
Location Intelligence
Current Use by Public Records
Residential land & home ...
Map
- City
- Sanford
- County
- Lee
- State
- North Carolina
- Longitude
- -79.1725
- Latitude
- 35.477
Nearby Similar for Sale
FAQs
What type of property is this?
Land - Nearly 50 acres ideal for multifamily and townhome development.
Where is this land located?
The property is located at Nc 87 - Multifamily Sanford, NC.
What are key features of this property?
This property features: - Ideal for high-density multifamily or townhome development with potential for ±672 multifamily units and ±74 townhome units.; - Strategically positioned location with high traffic counts (35,000 vpd) and easy access to major highways (NC Hwy 87, Hwy 421, I-95).; - Located across from two active residential subdivisions totaling 1,260 units and diagonal to a 408-unit multifamily subdivision (South Park Village).