Property Description

*LAND FOR APARTMENTS/MULTI-FAMILIES/TOWNHOUSES* SELLER FINANCING AVAILABLE! $3K IN SELLER CONCESSIONS! CALLING ALL INVESTORS! Excellent opportunity to develop approximately 2.2 acres in the heart of Fayetteville, zoned MR-5 and well-positioned for much-needed housing options. The zoning allows townhomes, multifamily, and apartment-style development, making this property especially attractive for rental or attainable housing projects. A conceptual engineered layout for 16 townhomes has already been shared with the City of Fayetteville and received positive preliminary feedback from the Zoning Administrator, with only minor adjustments noted. The seller has also prepared a separate conceptual plan for a 30-unit apartment development featuring smaller 2-bedroom, 2-bath units. The City has indicated the property may accommodate up to 40 units, subject to all applicable reviews and approvals. Supporting documents and conceptual plans are available upon request. A cleared path allows buyers to easily walk the property, and public utilities are available at the road. Conveniently located approximately 1.4 miles from downtown Fayetteville, 3.8 miles from Fayetteville Regional Airport, 2.7 miles from Walmart and major retail, with easy access to I-87. MOTIVATED SELLER! Buyer to verify zoning, soils, permitting, subdivision potential, and intended use. Hablo español.

Property Features

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