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2881 Gillespie St 50 Acres of Commercial Land Offered at $1,999,000 in Fayetteville, NC 28306
INVESTMENT HIGHLIGHTS
- Approximately ½ mile from the Fayetteville Regional Airport.
EXECUTIVE SUMMARY
2881 Gillespie St (Lot 1) consists of 50+/- acres) located in the East Fayetteville submarket approximately ½ mile from the Fayetteville Regional Airport. The fifty-acre (50) tract has been well maintained and is mostly cleared. Owner will permit subdivision, price negotiable.
Currently, the property is primarily zoned residential but every neighboring parcel south of Ivan Dr. is zoned commercial. For that reason, commercial rezoning is likely to succeed if desired. Property uses range anywhere from multifamily, to industrial, to mixed use. The property presents numerous development opportunities.
The property is also located adjacent to 1-95N Business, less than 2.5 miles from the MLK/NC Hwy 87, and less than 5 miles from 1-95, providing the property convenient access to the major roads in and around Fayetteville. The properties can be accessed via Ivan Dr. with a signalized intersection at Ivan Dr. and I-95N Business. For nearby retail, a neighborhood center featuring Walmart is located directly across I-95N Business.
Fayetteville, NC is the seat of Cumberland County and serves as economic and cultural hub of southeastern North Carolina, mainly due to the $9 billion in local economic stimulus that Fort Bragg provides to the area.
Currently, the property is primarily zoned residential but every neighboring parcel south of Ivan Dr. is zoned commercial. For that reason, commercial rezoning is likely to succeed if desired. Property uses range anywhere from multifamily, to industrial, to mixed use. The property presents numerous development opportunities.
The property is also located adjacent to 1-95N Business, less than 2.5 miles from the MLK/NC Hwy 87, and less than 5 miles from 1-95, providing the property convenient access to the major roads in and around Fayetteville. The properties can be accessed via Ivan Dr. with a signalized intersection at Ivan Dr. and I-95N Business. For nearby retail, a neighborhood center featuring Walmart is located directly across I-95N Business.
Fayetteville, NC is the seat of Cumberland County and serves as economic and cultural hub of southeastern North Carolina, mainly due to the $9 billion in local economic stimulus that Fort Bragg provides to the area.
PROPERTY FACTS
| Price | $1,999,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 50.00 AC |
| Property Type | Land | ||
| Zoning | R10 - Residential | ||
| Price | $1,999,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 50.00 AC |
| Zoning | R10 - Residential |
1 LOT AVAILABLE
Lot
| Price | $1,999,000 | Lot Size | 50.00 AC |
| Price Per AC | $39,980.00 |
| Price | $1,999,000 |
| Price Per AC | $39,980.00 |
| Lot Size | 50.00 AC |
2881 Gillespie St (Lot 1) consists of 50+/- acres) located in the East Fayetteville submarket approximately ½ mile from the Fayetteville Regional Airport. The fifty-acre (50) tract has been well maintained and is mostly cleared.
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PROPERTY TAXES
| Parcel Number | 0435-15-6869 | Improvements Assessment | $285,523 |
| Land Assessment | $926,735 | Total Assessment | $1,212,258 |
PROPERTY TAXES
Parcel Number
0435-15-6869
Land Assessment
$926,735
Improvements Assessment
$285,523
Total Assessment
$1,212,258
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2881 Gillespie St
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