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3535 Ross Rd - Multifamily 28 Plus acres 28.45 Acres of Residential Land Offered at $2,084,985 CAD in Lillington, NC 27546



INVESTMENT HIGHLIGHTS
- ±28.45-acre Multi-Family development site in Lillington
- ±6 mi from Central Harnett Hospital Campus, ±8 mi from Campbell University, and ±3 mi from Downtown Lillington
- Apartments, Townhomes and Single-family units.
EXECUTIVE SUMMARY
Highest and best use, multi-family, with the potential to accommodate apartments, townhomes and single-family units. Sales Price: $1.5 Million - 3 continuous lots totaling 28.45 acres
This property is an exceptional opportunity due to Lillington's high rental demand, proximity to growth centers, and the property's advantageous existing RA-30 zoning with available utilities. The motivated seller provides a strong negotiation position in the current buyer's market.
Key Selling Points
High and Growing Rental Demand: Lillington's average apartment rent has increased significantly, with a 2-bedroom average around $1,385 - $1,575 per month. The town is growing, with its population increasing to 4,735 in the 2020 census and around 11,000 approved residential lots currently in development, signaling strong demand for new housing, especially multi-family units.
Advantageous Existing Zoning: The current RA-30 zoning allows for multi-family projects of up to 9 units per acre as a Special Use. This is a critical advantage as it allows for a streamlined approval process through the Board of Adjustment, avoiding the time and uncertainty of a full rezoning application. A well-prepared application, demonstrating compatibility with the surrounding area, is key to approval.
"Shovel-Ready" Utility Access: The property has an 8-inch Harnett County water line along its frontage and the feasibility of connecting to a 20-inch sewer force main across the street has been confirmed by county engineers. This significantly reduces pre-development risk and accelerates the project timeline, as tap and capacity requests typically process within 4-6 weeks.
Strategic Location: Lillington is the county seat of Harnett County and part of the greater Raleigh–Durham–Cary combined statistical area. It serves as an ideal market for residents seeking a more rural lifestyle with proximity to the job centers and amenities in neighboring Wake County.
Motivated Seller & Favorable Market Position: The sellers are motivated and accepting offers. This offers significant leverage to negotiate a favorable purchase price and terms, enhancing potential investment returns.
This property presents a unique, de-risked opportunity for a developer to capitalize on the acute demand for multi-family housing in a high-growth region.
Land AC - 3 continuous lots totaling 28.45 acres
Land AC - 28.45 AC total. 3619 Ross Rd - 7.36 AC, 3535 Ross Rd - 12.48 AC, 3533 Ross Rd - 8.61 AC
Topography Level
Raw Land
Proposed Use: Apartment Units, Townhomes and Single Family
SEWER: Possible to connect to the 20-inch force main. The Erwin-Harnett force main runs along the opposite side of the street. Harnett County currently has a 4-6 week turnaround on tap and capacity requests.
WATER: An 8” Harnett County water line runs along the frontage of the property.
Zoned RA-30.?Multi-family projects are a Special Use, Board of Adjustment approval needed vs a rezoning. Multi-family projects are allowed to have up to 9 units/acre. This would be required for townhomes, apartments and single-family development.
Road Improvements:? Harnett County Bike, Pedestrian, & Greenway Plan does specify some improvements along the roadway that may be required.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 6,7 & 8
| Price | $2,084,985 CAD | Lot Size | 28.45 AC |
| Price Per AC | $73,285.94 CAD |
| Price | $2,084,985 CAD |
| Price Per AC | $73,285.94 CAD |
| Lot Size | 28.45 AC |
PRICE REDUCED! $1.5 Million for a prime ±28.45-acre mixed-use development site in Lillington, NC. Highest and best use, multi-family, with the potential to accommodate apartments, townhomes and single-family units. Sales Price: $1.5 Million
DESCRIPTION
PRICE REDUCED! Under $2 Million for a prime ±28.45-acre mixed-use development site in Lillington, NC. Highest and best use, multi-family, with the potential to accommodate apartments, townhomes and single-family units. Sales Price: $1.75 Million - 3 continuous lots totaling 28.45 acres ±28.45-acre mixed-use development site in Lillington, NC. Highest and best use, multi-family, with the potential to accommodate apartments, townhomes and single-family units. ±6 mi from Central Harnett Hospital Campus, ±8 mi from Campbell University, and ±3 mi from Downtown Lillington 3 continuous lots totaling 28.45 acres Land AC - 28.45 AC total. 3619 Ross Rd - 7.36 AC, 3535 Ross Rd - 12.48 AC, 3533 Ross Rd - 8.61 AC Topography Level SEWER: Possible to connect to the 20-inch force main. The Erwin-Harnett force main runs along the opposite side of the street. Harnett County currently has a 4-6 week turnaround on tap and capacity requests. WATER: An 8” Harnett County water line runs along the frontage of the property. Zoned RA-30.?Multi-family projects are a Special Use, Board of Adjustment approval needed vs a rezoning. Multi-family projects are allowed to have up to 9 units/acre. This would be required for townhomes, apartments and single-family development. Road Improvements:? Harnett County Bike, Pedestrian, & Greenway Plan does specify some improvements along the roadway that may be required. Raw Land Proposed Use: Apartment Units, Townhomes and Single Family
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3535 Ross Rd - Multifamily 28 Plus acres
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