1135 Shaw Road, Fayetteville, NC 28311

$265,000

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List Price
$265,000
Price Change
▼ $30,000 1785222729
MLS#
759287
Status
ACTIVE
County
Cumberland
City
Fayetteville
Subdivision
Shaw Hghts
Acres
5.77
Property Subtype
Residential

Property Description

5.7 ACRE Multi-Family Development Opportunity Zoned R5 with public water and sewer available at the site. Located in Cumberland County (not annexed by Fayetteville)—potential for state and local tax incentives for housing development. Previously planned for ~160 units of affordable housing with tax credit incentives, making this a strong opportunity for builders and developers looking to capitalize on demand. Property is in Flood Zone X. Existing 1952 home on site of no value. Take advantage of current market conditions and position yourself for your next development project.

Additional Information

Days on Market
129

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Calculator source: Real Geeks

Listing courtesy of MOULTRIE AND MCCLOSKEY PROPERTIES.