2229 Grand Prix Dr
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2229 Grand Prix Dr
6.09 Acres of Residential Land Offered at $572,911 CAD in Fayetteville, NC 28303
Investment Highlights
- 6.09 acres of vacant land within the city limits.
- Proposed and completed survey available.
- Public Works Commission Availability Statement for Development has been completed.
- Potential to construct a 53 Unit Townhome community.
- Water and Sewer main is located at the corner entrance of the lot off Grand Prix Drive.
Executive Summary
Excellent investor opportunity to purchase 6.09 acres of vacant land within the city limits. Per prior communication of the Seller with the City of Fayetteville Planning and Code Enforcement Services Department, there’s potential to construct a 53 Unit Townhome community (see proposed and completed survey). The Water and Sewer main is located at the corner entrance of the lot off Grand Prix Drive. Availability Statement for Development has been completed by the Public Works Commission and is available for review.
The owner has spoken with The City of Fayetteville Economic & Community Development Department about opportunities for a federal Community Development Block Grant and HOME Investment Partnership Grant. POC contact info available upon request.
The land is located just off Bragg Blvd, close to public transportation, churches, and schools. It’s within 5 minutes of the Cross Creek Mall, Walmart Supercenter and many other retailers, restaurants, and hotels. Amazon has completed building a 1.3 million-square-foot distribution center within 3 minutes (1.8 miles) from this property and is expected to bring 500 jobs.
The owner has spoken with The City of Fayetteville Economic & Community Development Department about opportunities for a federal Community Development Block Grant and HOME Investment Partnership Grant. POC contact info available upon request.
The land is located just off Bragg Blvd, close to public transportation, churches, and schools. It’s within 5 minutes of the Cross Creek Mall, Walmart Supercenter and many other retailers, restaurants, and hotels. Amazon has completed building a 1.3 million-square-foot distribution center within 3 minutes (1.8 miles) from this property and is expected to bring 500 jobs.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
Property Facts Under Contract
| Price | $572,911 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 6.09 AC |
| Price | $572,911 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 6.09 AC |
1 Lot Available
Lot 3
| Price | $572,911 CAD | Lot Size | 6.09 AC |
| Price Per AC | $94,074 CAD |
| Price | $572,911 CAD |
| Price Per AC | $94,074 CAD |
| Lot Size | 6.09 AC |
6.09 acres of vacant land within the city limits. Per prior communication of the Seller with the City of Fayetteville Planning and Code Enforcement Services Department, there’s potential to construct a 53 Unit Townhome community.
PROPERTY TAXES
| Parcel Number | 0419-50-6946 | Total Assessment | $40,874 CAD |
| Land Assessment | $40,874 CAD | Annual Taxes | -$1 CAD |
| Improvements Assessment | $0 CAD | Tax Year | 2024 Payable 2024 |
PROPERTY TAXES
Parcel Number
0419-50-6946
Land Assessment
$40,874 CAD
Improvements Assessment
$0 CAD
Total Assessment
$40,874 CAD
Annual Taxes
-$1 CAD
Tax Year
2024 Payable 2024
zoning
| Zoning Code | SF6 (Website: https://www.fayettevillenc.gov/city-services/development-services/planning-zoning/udo-administrative-manual/zoning-regulations) |
| SF6 (Website: https://www.fayettevillenc.gov/city-services/development-services/planning-zoning/udo-administrative-manual/zoning-regulations) |
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Resolute Realty, Llc
2229 Grand Prix Dr
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