Property summary
Exceptional 30.14-acre commercial land parcel in Fayetteville, North Carolina, is available for $899,000. This strategically located property boasts MR-5 and SF-10 zoning, allowing for significant development potential. Preliminary plans suggest the possibility of over 400 multifamily or single-family units. The site features existing water and sewer infrastructure, significantly reducing development costs and timelines. Conveniently situated near a hospital and numerous amenities, including Publix and Harris Teeter supermarkets, and other shopping and dining options, this location offers unparalleled accessibility. Waterless Street, where the property is located, is a newly paved road with a wide entrance, ensuring easy access for residents and businesses. The land's topography is suitable for accommodating approximately 250 units, based on conceptual designs. The property's central location between downtown Fayetteville and the Raeford Road corridor provides excellent visibility and connectivity. This is a rare opportunity to acquire a large, well-situated tract of land primed for substantial development in a thriving North Carolina market. The land value is $0.68 per square foot. The provided drawings are conceptual and illustrate potential uses. This property is priced to sell and presents a compelling investment opportunity. The address is Waterless St, Fayetteville, NC 28306.
Property profile
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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
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Zoning
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