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Morganton Rd - Morganton Rd Multi-Family/Commercial Tract 18.83 Acres of Residential Land Offered at $1,034,445 CAD in Fayetteville, NC 28303



Investment Highlights
- Multi-family land adjacent to a shopping center and school.
- +- 1300 square feet of frontage on Morganton Rd.
Executive Summary
Data Room Click Here to Access
- Purchase Agreement
Property Facts
1 Lot Available
Lot
| Price | $1,034,445 CAD | Lot Size | 18.83 AC |
| Price Per AC | $54,936.00 CAD |
| Price | $1,034,445 CAD |
| Price Per AC | $54,936.00 CAD |
| Lot Size | 18.83 AC |
This 18.83± acre lightly sloping site with approximately 6.55± acres consisting of the 100 year Floodplain and Hydric Soils, leaving approximately 12.28 Useable Acres. There is a sewer main running through the middle of the property.
Description
Exceptional opportunity to acquire an 18.83± acre mixed-use development site in one of Fayetteville's most established growth corridors. Located on Morganton Road with approximately 1,300 feet of road frontage, the property offers outstanding visibility, accessibility, and development flexibility for multifamily, retail, mixed-use, and neighborhood commercial projects. The site contains approximately 12.28± usable acres and is strategically positioned adjacent to an existing shopping center, Westover Middle School, and recreation facilities, creating built-in consumer traffic and strong neighborhood demand. The property's corner location enhances access and visibility while providing multiple design and development possibilities. Currently zoned MR-5 and NC, the property offers immediate multifamily and neighborhood commercial opportunities, with the potential for additional density through rezoning. This flexibility makes the site attractive for apartment communities, townhomes, mixed-use developments, neighborhood retail centers, medical office, self-storage, or service-oriented commercial uses. Located within the established Westover submarket, the property benefits from nearby residential density, schools, parks, and retail amenities. The combination of size, frontage, location, and development optionality presents a rare opportunity for investors and developers seeking a scalable project in a mature Fayetteville market.
Property Taxes
| Parcel Number | 0408-14-9306 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,120,476 CAD | Total Assessment | $1,120,476 CAD |
Property Taxes
Presented by
Morganton Rd - Morganton Rd Multi-Family/Commercial Tract
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