Palestine Road 15 acres

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30223804
Property Subtypes: Agricultural, Residential (Single Family), Other
Status: Pending
Gross Land Area: 15 - 15.20 Acres
Sale Price: $112,500
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2018

Overview / Comments

This parcel, when surveyed out of the existing acreage, should be just over 15 acres. It is currently part of a larger parcel zoned for a planned development (PND), meaning Buyer will most likely wish to designate zoning prior to closing the purchase. Seller agrees to cooperate with rezoning so long as the zoning request does not allow for mobile homes. According to geological soil maps, the [property should perc for septic across the vast majority of the piece, but Seller has no soil work to offer prior to closing. Seller will agree to contingencies in an offer to give Buyer time to establish perc sites.
This piece is perfectly situated for a single user ranchette or it can be subdivided into smaller home sites with adjoining acreage. Municipal water is one mile away. A Buyer can tie in, per the Town of Linden, but the Buyer would bear the total expense of running the lines.

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Taxing Authority: Cumberland County
Tax ID/APN: 0553-43-6060-
Zoning: PND
Property Located Between: Ramsey Street and East Reeves Bridge Road
Property Visibility: Excellent
Largest Nearby Street: Ramsey Street (Hwy 401)
Feet of Frontage: 1,375
Highway Access: US 401 is one mile west
Site Description: Slightly sloping with a mix of longleaf pines and interspresed hardwoods surrounding an expanse of coastal bermuda grass. There are lower, more hydric soils in the corners of the property
Area Description: Mostly rural with new, high-density residential development at the corner of Palestine Road and Ramsey Street where municipal water is available
Lot Frontage: 1375
Lot Depth: 400 to 800 feet
Zoning Description: PND - planned development
Development Name: Haddock Tract
Topography: Gently Sloping
Available Utilities: Electric
Water Service: None
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,131 18,996
Median Age: 39.76 35.69
Households: 1,905 7,370
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.