Cliffdale Apartment site

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30660657
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 18 - 18.20 Acres
Sale Price: $1,350,000 - 1,363,500
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/24/2021

Overview / Comments

This parcel sits in the heart of proven multi-family developments. The zoning code is the most dense achievable in City of Fayetteville. 3 times deeper than wide, but the 350' of Cliffdale frontage is highly visible and easily accessible. The shape is almost exactly rectangular.

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Taxing Authority: City of Fayetteville
Tax ID/APN: 9487366817000
Zoning: MR-5
Property Located Between: Hoke Loop Rd and Rim Road
Property Visibility: Excellent
Legal Description: R A PATE EST LO7 SE01 PL0038-0075
Largest Nearby Street: Rim Road
Feet of Frontage: 350
Highway Access: I-295 is 1.6 miles away
Site Description: Mostly level, mostly in 4 yr old longleaf pines
Area Description: Many rooftops and proven multifamily locale with I-295, Lowe's, WalMart, Chickfila, and Aldi within five a minute drive.
Lot Frontage: 350
Lot Depth: 1000
Zoning Description: MR-5, densest multi-family achievable in the City of Fayetteville
Topography: Gently Sloping
Soil Type: Sandy
Available Utilities: Electric, Water
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,631 46,955 112,323
Median Age: 28.65 29.78 30.48
Households: 3,784 17,594 42,296
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