Lake Valley Retail Development

Vacant Land for Sale
Catylist Listing ID: 30216995
Property Subtypes: Multi-Family, Office, Retail
Gross Land Area: 13.80 Acres
Sale Price: $3,700,000
Unit Price: $268,115 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/18/2018

Overview / Comments

Topographically elevated commercial site with 9.8 acres of yield in the primary retail district of Cumberland County & near-immediate access to Fort Bragg. Fully signalized hard corner; same on Lake Valley Dr. 1.6 acres designated for storm water retention on the low side of Lake Valley Dr, storm water pipe already installed under Lake Valley Dr to carry future run-off to the retention site.
The 9.8 acres is next to Embassy Suites and across Lake Valley from Patriot Theaters. In addition to access by the full-signal light in front of Embassy Suites, there are also two right-in/right-outs, one on Lake Valley between the lights and one on Yadkin Rd between the hard corner and The All-American Expressway.
Excellent for restaurants and entertainment. Big box retail is well-established in the area.
Site is not available to hospitality development due to non-compete with Embassy Suites.

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Tax ID/APN: 0408943993 04008949731 0418042567
Zoning: CC
Property Located Between: Cross Creek Mall and Fort Bragg entrance
Property Visibility: Excellent
Legal Description: 13.8 acres in 3 tax parcels comprising 9.8 acres of yield and 1.6 acres for storm water
Largest Nearby Street: Yadkin Rd
Feet of Frontage: 1,700
Highway Access: All American Freeway is less than 1/2 mile
Site Description: Elevated topography overlooking Yadkin Rd, sloping toward Lake Valley Desirable soils in all 9.8 developable acres
Area Description: Heavy retail and hospitality area, primary corridor between shopping and Fort Bragg military base
Zoning Description: Most commercial uses allowed
Topography: Gently Sloping
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,096 70,009 175,572
Median Age: 32.68 32.49 32.67
Households: 4,528 29,290 69,319
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