Cashwell Farm

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30703315
Property Subtypes: Multi-Family, Residential (Single Family), Retail
Status: Pending
Gross Land Area: 81.50 Acres
Sale Price: $2,600,000
Unit Price: $31,901 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/20/2021

Overview / Comments

This land has been farmed for generations, but has matured into a prime mixed use site. The agricultural zoning remains on the majority of the property, though approximately 22 acres has been converted to a commercial zoning, opening the possibility for multi-family in that portion. The land borders the WalMart distribution Center, so there is the possibility for commercial or even Distribution on the east side of the property.
The site is proximal to existing sewer and municipal water.
Road frontage on Sand Hill is 1500+ feet.
According to definitions in the US Dept of Agriculture's Guide Book, the soils as graphed on the GIS map are all likely to be well suited to urban development (WaB, NoA, CaB).

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Tax ID/APN: 0423703647000
Zoning: A1 / C(P)
Property Located Between: WalMart Distribution Center and I-95
Property Visibility: Excellent
Legal Description: ARTHUR D CASHWELL HEIRS LO1 SE01 PL0103-0037
Largest Nearby Street: Chickenfoot Road
Feet of Frontage: 1,500
Highway Access: Hwy 59 and Interstate I-95 nearly immediately accessible from the site
Site Description: Primarily level, historically used for cultivation, one former homeplace on site that is represented as uninhabitable
Area Description: Vibrant in established and growing residential as well as retail. Borders WalMart Distribution center
Zoning Description: Split between Agricultural with 20+ acres of commercial
Development Name: Cashwell Farm
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer
Water Service: Municipal, Well
Sewer Type: Municipal, Septic

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,192 18,273 56,854
Median Age: 33.47 34.69 33.24
Households: 760 6,703 20,630
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