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Investment Highlights

  • Multi-family land adjacent to a shopping center and school.
  • +- 1300 square feet of frontage on Morganton Rd.

Executive Summary

This Multi-Family and Commercial site has approximately 12.28± Useable Acres and sits directly on Morganton Road with a corner location adjacent to a shopping center. This property could be utilized for commercial and/or multi-family, and with a fairly easy zoning change could house many more units.

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Property Facts

Price $1,034,445 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Neighbourhood Centre
Total Lot Size 18.83 AC
Zoning NC, CC/CZ & AR - Neighborhood Commercial, Community Commercial, Residential and Agricultural.

1 Lot Available

Lot

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.

Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
0408-14-9306
Land Assessment
$1,120,476 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,120,476 CAD
  • Listing ID: 25512818

  • Date on Market: 2022-04-20

  • Last Updated:

  • Address: Morganton Rd, Fayetteville, NC 28303

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