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Fayetteville Road/ US Hwy 401 - Fayetteville Road/ Hwy 401

36.8 Acres of Commercial Land Offered at £5,790,130 in Raeford, NC 28376

Investment Highlights

  • Frontage of 2150+/- feet on major commercial artery (hwy 401)
  • Zoned for both Commercial and Multi-family development (270 units)

Executive Summary

36+ acres of cleared land, shovel-ready for development as either/or commercial and multifamily, with excellent frontage and visibility. Concept drawing available shows commercial and multifamily mix.

Property Facts

Price £5,790,130 Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Medical
No. Lots 1 Total Lot Size 36.80 AC
Property Type Land
Price £5,790,130
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Multifamily
  • Medical
Total Lot Size 36.80 AC

1 Lot Available

Lot

Price £5,790,130 Lot Size 36.80 AC
Price Per AC £157,340
Price £5,790,130
Price Per AC £157,340
Lot Size 36.80 AC

Cleared site with favorable topography for development. 2150 ft (app.) of frontage on NC Hwy 401, and 200 ft (app.) of frontage on Midway Rd. Split between Highway Commercial Zoning (Hoke County) and MF. Sewer and Water. 3 separate parcels

Description

Fully cleared acreage ripe for commercial and multi-family development. Sewer and water available. Located on the main artery that connects Fayetteville, Raeford, and Fort Liberty. 4.5 miles to the I-295 bypass. Density max is 270 units in 3-story apartments. In an area with established and new residential density plus commercial development. Cape Fear Valley Hospital is less than half a mile away; Moore County Hospital is less than 2 miles away. The closest Fort Liberty access point is 2 miles away.

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Fayetteville Road/ US Hwy 401, Raeford, NC - aerial map view

PROPERTY TAXES

Parcel Number 494660101153 Improvements Assessment £0
Land Assessment £963,869 Total Assessment £963,869

PROPERTY TAXES

Parcel Number
494660101153
Land Assessment
£963,869
Improvements Assessment
£0
Total Assessment
£963,869

zoning

Zoning Code HC/MF (Bisected -18.8 frontage acres Highway Commercial (Hoke County), back 18 acres are Multi-Family.)
HC/MF (Bisected -18.8 frontage acres Highway Commercial (Hoke County), back 18 acres are Multi-Family.)
(910) 309-6553

Contact

  • Listing ID: 32306413

  • Date on Market: 01/07/2024

  • Last Updated:

  • Address: Fayetteville Road/ US Hwy 401, Raeford, NC 28376

The Land Property at Fayetteville Road/ US Hwy 401, Raeford, NC 28376 is currently available for sale. Contact Riddle Commercial Properties, Inc. for more information.

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Fayetteville Road/ US Hwy 401, Raeford, NC for sale Site Plan- Image 1 of 4
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Fayetteville Road/ US Hwy 401, Raeford, NC for sale Aerial- Image 2 of 4
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© 2024 CoStar Group

Fayetteville Road/ US Hwy 401 - Fayetteville Road/ Hwy 401
(910) 309-6553 x

Fayetteville Road/ US Hwy 401 - Fayetteville Road/ Hwy 401

Bill McFadyen

(910) 309-6553

(910) 309-6553

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