$185,000
Calling all investors! Vacant lot in the heart of Fayetteville offering approximately 2.2 acres and zoned MR-5. Great potential for rental units, including townhomes, multi-family, and apartment-style development.
A conceptual engineered plat for 16 townhomes has been prepared and shared with the City of Fayetteville. Preliminary feedback from the Zoning Administrator has been positive, indicating the layout appears favorable with only minor adjustments needed; supporting documentation available.
Zoning allows up to 20 units per acre. The seller has also prepared a conceptual site plan illustrating a potential 30-unit apartment development consisting of smaller 2-bedroom, 2-bath units. The conceptual plan is available to prospective buyers upon request. The City has indicated that the property may accommodate up to 40 units; however, the final unit count and development plans remain subject to all applicable reviews and approvals.
A path has been cleared for easy access, allowing potential buyers to walk the property. Public utilities are available at the road.
Centrally located with convenient access to I-87, approximately 1.4 miles from downtown Fayetteville, 3.8 miles from Fayetteville Regional Airport, and 2.7 miles from major retail, including Walmart.
Buyer to verify zoning, soils, permitting, subdivision potential, and intended use.
Hablo español.
761742
MLS
00 Southern Avenue, Fayetteville
