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    9605 Cliffdale Rd Fayetteville, NC 28304

    Sponsored
    For Sale
    $2,000,000

    90-Unit Approved Plan, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 4.13-acre commercial land parcel in Fayetteville, North Carolina, presents a remarkable opportunity for multifamily development. The property, located at 9605 Cliffdale Rd, 28304, boasts fully approved plans for a 90-unit apartment building, eliminating lengthy permitting processes and expediting project timelines. Situated off US 401 Hwy/Raeford Road, this site benefits from convenient access to major transportation arteries, including less than two miles to I-295 (Fayetteville Outer Loop) and 12 miles to I-95, ensuring seamless connectivity for residents. The property's strategic location within a rapidly growing area of Fayetteville offers significant potential for strong rental demand. Ample retail amenities are nearby, providing residents with convenient access to shopping and services. Furthermore, the proximity to Fort Liberty, the largest US Army base by population, guarantees a substantial and stable tenant pool. Water and sewer utilities are conveniently located to the north and west of the site. This turnkey development opportunity is offered at an attractive price of $2,000,000. Don't miss this chance to capitalize on the thriving Fayetteville market and build a highly profitable multifamily community.

    Property Features for 9605 Cliffdale Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    179,903 SF

    Building Details

    Units
    90

    HighLights

    • 4.13‑acre site.
    • Approved plans for a 90‑unit multifamily development.
    • Water and sewer utilities readily available.
    • Excellent location in a high‑growth area with abundant retail amenities.
    • Convenient access to I‑295 (less than 2 miles) and I‑95 (12 miles).
    • Proximity to Fort Liberty, the US Army's largest base by population.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -79.06231484
    Latitude
    35.02856066

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    FAQs

    What type of property is this?
    Multifamily property - 90-Unit Approved Plan, Prime Location
    Where is this multifamily property located?
    The property is located at 9605 Cliffdale Rd Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 4.13-acre site.; Approved plans for a 90-unit multifamily development.; Water and sewer utilities readily available.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    9605 Cliffdale Rd Fayetteville, NC 28304
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