Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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