English Farms commercial parcel

Vacant Land for Sale
Catylist Listing ID: 30223165
Property Subtypes: Office, Residential (Single Family), Retail, Retail-Pad, Other
Gross Land Area: 6.30 Acres
Sale Price: $639,000
Unit Price: $101,428 Per Acre
Land Splits Available: Yes
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 5/15/2018

Overview / Comments

6.39 acres of level, drained land with a hard corner and with significant frontage on Hwy 401's south side in Raeford. Municipal water is available at the site; sewer would be on a forced main, not gravity. Soils are suitable for septic according to Landlord's best estimate.
High visibility in substantial traffic corridor.
There is a barn on the property that has no sales value and Landlord makes no representations of its functionality.
Site sits in front of established residential and proximal to far more residential than can be seen from the highway.

Additional Details

Nearest MSA: Fayetteville
County: Hoke
Taxing Authority: Hoke County
Tax ID/APN: 694451001015
Zoning: HC - HIGHWAY COMMERCIAL
Property Located Between: Walmart and Bedrock Mini-Storage
Property Visibility: Excellent
Legal Description: ENGLISH FARMS I 3-12/3 6.3+ acs fenced on a hard corner at Tennessee Walker Dr and with an old barn structure
Largest Nearby Street: US 401 (Fayetteville Road)
Feet of Frontage: 585
Highway Access: Hwy 401
Airports: Raeford West Airport (3,000 ft runway) is 1 mile away
Site Description: Level, rectangular, permeable soils, excellent visibility on significant frontage on a busy road
Area Description: Bedroom community to Fort Bragg and Fayetteville with its own commercial infrastructure and with significant residential population
Lot Frontage: 585
Lot Depth: 545
Zoning Description: HC - allows most commercial uses
Development Name: English Farms
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Gas, Cable
Water Service: Municipal
Sewer Type: Septic, Other

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,295 19,170 26,547
Median Age: 26.22 31.74 31.97
Households: 1,070 6,809 9,460
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.