Property profile

0 Melody Ln Fayetteville, NC 28304

OFF-MARKET
Land
24 ac lot
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Property summary

AI-generated overview

This exceptional 24-acre property, located on Melody Lane in Fayetteville, North Carolina, presents a unique investment opportunity. Situated in Cumberland County, near the Forest Ridge neighborhood and convenient to Spout Springs and Walmart, this land boasts a prime lakefront location. The property's APN is a portion of 9594-05-2263, and it's zoned RA20 - Residential Agricultural, allowing for significant development potential. With public water and sewer already available, this parcel is approved for the construction of up to 148 multi-family units, making it ideal for developers seeking a high-impact project. The asking price is $1,864,000. The property's proximity to established residential areas and retail amenities ensures strong demand and potential for high returns. This substantial acreage offers a rare combination of natural beauty and lucrative development possibilities, making it an attractive investment in a rapidly growing area. The convenient location provides easy access to Spout Springs and surrounding areas, further enhancing its appeal. Don't miss this chance to acquire a significant piece of lakefront land with exceptional development potential.

Property profile

Verified
Property type Land
Lot 24 ac (1,045,440 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Melody Ln Fayetteville, NC 28304
Fayetteville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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