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Morganton Rd - Morganton Rd Multi-Family/Commercial Tract

18.83 Acres of Residential Land Offered at $1,371,040 CAD in Fayetteville, NC 28303

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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.

Purchase Agreement

PROPERTY FACTS

Price	$1,371,040 CAD	Property Subtype	Residential
Sale Type	Investment	Proposed Use	Commercial Mixed Use Multifamily Apartment Units Neighbourhood Centre
No. Lots	1	Total Lot Size	18.83 AC
Property Type	Land

Price	$1,371,040 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

1 LOT AVAILABLE

Lot

Price	$1,371,040 CAD	Lot Size	18.83 AC
Price Per AC	$72,811.47 CAD

Price	$1,371,040 CAD
Price Per AC	$72,811.47 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

This mixed use site has approximately 12.28± useable acres and sits directly on Morganton Road with a corner location adjacent to a shopping center, as well as the Westover Middle School and Recreation Center. This property could be utilized for commercial and/or multi-family, and with a fairly easy zoning change could house many more units. 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.

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AERIAL
MAP

Morganton Rd, Fayetteville, NC - AERIAL map view

PROPERTY TAXES

Parcel Number	0408-14-9306	Improvements Assessment	$0 CAD
Land Assessment	$1,001,107 CAD	Total Assessment	$1,001,107 CAD

PROPERTY TAXES

Parcel Number

0408-14-9306

Land Assessment

$1,001,107 CAD

Improvements Assessment

$0 CAD

Total Assessment

$1,001,107 CAD

ZONING

Zoning Code	MR-5 & NC (Multi-family and Neighborhood Center)
MR-5 & NC (Multi-family and Neighborhood Center)

Listing ID: 25512818
Date on Market: 2022-04-20
Last Updated:
Address: Morganton Rd, Fayetteville, NC 28303

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Morganton Rd, Fayetteville, NC for sale Aerial- Image 1 of 8 — Aerial

Morganton Rd, Fayetteville, NC for sale Building Photo- Image 2 of 8 — Ground Photo_1

Morganton Rd, Fayetteville, NC for sale Building Photo- Image 3 of 8 — Ground Photo_2

Morganton Rd, Fayetteville, NC for sale Building Photo- Image 4 of 8 — Ground Photo_3

Morganton Rd, Fayetteville, NC for sale Building Photo- Image 5 of 8 — Aerial_2

Morganton Rd, Fayetteville, NC for sale Building Photo- Image 6 of 8 — Ground Photo_4

Morganton Rd, Fayetteville, NC for sale Building Photo- Image 7 of 8 — Ground Photo_5

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AERIAL
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