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298 Old Shaw Rd. , Fayetteville , NC, USA 298 Old Shaw Rd. , Fayetteville , NC, USA

Property Overview

Price/Rent PSF $ 3,150,000.00
Asset Type Land
Trade Type Sale
Acres Available 52.89
Date Available 05/13/2021
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Description

Location
The 52.89+/- acre property consists of six parcels of land located one mile from both the All-American Expressway and the I-295 Outer Loop in the North Fayetteville submarket, providing the property convenient access to the major roads in and around Fayetteville. The largest parcel, 38.86 acres, was once a trailer park. The property is also located less than 1.5 miles from the nearest Fort Bragg ACP Gate, and less than 2.5 miles from Fort Bragg’s main entrance ACP Gate. Fort Bragg is the world's largest military installation in terms of population, housing a staggering 53,700 active duty troops and serving 14,000+ civilian employees and nearly 70,000 active duty family members. Major national retailers, including Sam’s Club and a Walmart Supercenter, are located within two miles of the property and Cross Creek Shopping Mall is located within 3 miles of the property.





Sale
The 52.89+/- acre property consists of six parcels of land located one mile from both the All-American Expressway and the I-295 Outer Loop in the North Fayetteville submarket, providing the property convenient access to the major roads in and around Fayetteville. The largest parcel, 38.86 acres, was once a trailer park. The property is also located less than 1.5 miles from the nearest Fort Bragg ACP Gate, and less than 2.5 miles from Fort Bragg’s main entrance ACP Gate. Fort Bragg is the world's largest military installation in terms of population, housing a staggering 53,700 active duty troops and serving 14,000+ civilian employees and nearly 70,000 active duty family members. Major national retailers, including Sam’s Club and a Walmart Supercenter, are located within two miles of the property and Cross Creek Shopping Mall is located within 3 miles of the property.


The former trailer park can be accessed from Bragg Boulevard on Merman Avenue and from Old Shaw Road on Madrid Drive, and two additional access points could be readily made if desired through the adjoining Bonnie Acres subdivision. The property also benefits from having a level topography, simplifying development. Water and sewer are accessible to the property via Old Shaw Road, Merman Avenue, Patton Street, and Grooms Street. See the enclosed PWC Water/Sewer Map for more information.



The property is zoned a Mixed Residential Conditional Zoning District (MR-5/CZ), which can accommodate a wide variety of residential housing types at moderate to high densities. Also allowed are complementary institutional uses, day care facilities, and limited small-scale neighborhood oriented convenience retail uses. See the enclosed Executive Summary Demographics and Business Summary Report for more information. The property presents an excellent investment opportunity.

Location

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