298 Old Shaw Rd - Multi-Family Site Approved 400 Units

The 52.89+/- acre property assemblage consists of six parcels of land located in the North Fayetteville Submarket. The property is zoned a Mixed Residential Conditional Zoning District (MR-5/CZ) and is site approved for 400 units. Also allowed are complementary institutional uses, day care facilities, and limited small-scale neighborhood-oriented convenience retail uses. See the enclosed Executive Summary Demographics and Business Summary Report for more information. The property presents an excellent investment opportunity.

The property benefits from having a level topography and water and sewer are accessible via Old Shaw Road, Merman Avenue, Patton Street, and Grooms Street. The property can be accessed from Bragg Boulevard on Merman Avenue and from Old Shaw Road on Madrid Drive, and two additional access points could be readily made if desired through the adjoining Bonnie Acres subdivision. See the enclosed PWC Water/Sewer Map for more information.

The property is located one mile from both the All-American Expressway and the I-295 Outer Loop, providing the property convenient access to the major roads in and around Fayetteville, and less than 1.5 miles from the nearest Fort Liberty ACP Gate. Fort Liberty is the world's largest military installation in terms of population, housing a staggering 53,700 active-duty troops and serving 14,000+ civilian employees and nearly 70,000 active duty family members; therefore, providing an excellent tenant pool. Major national retailers, including Sam’s Club and a Walmart Supercenter, are located within two miles of the property and Cross Creek Shopping Mall is located within 3 miles of the property.