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604 N Main St 8.7 Acres of Residential Land Offered at $2,350,000 in Spring Lake, NC 28390
Investment Highlights
- https://www.604northmain.com (property website)
- $11,520/unit - Great value!
- No Playground Requirement - Municipal waiver eliminates a typical capital and maintenance expense
- Priced below the December 2025 certified appraisal of $2,438,000
- Land appraisal included (see attached)
- Prime Military-Driven Demand - Located approximately one mile from Fort Bragg, the largest military installation in the world by population.
Executive Summary
Great opportunity to acquire an entitled 9.02-acre multifamily development site with conditional approval for 204 units strategically located between the Fort Bragg and Cameron traffic corridor! Makes for a short commute to Cameron or Fort Bragg as it splits the time in half to either destination.
The property is approximately 1 mile from a primary entrance to Fort Bragg, creating exceptional demand potential for multifamily use. Fort Bragg—recognized as the largest military installation in the world by population (50,000+) —supports a vast and stable base of residents, including tens of thousands of active-duty service members, their families, civilian personnel, and on-site contractors.
Property is for sale by owner (FSBO).
Please review our property website as it contains a plethora of data and important links crucial to your due diligence efforts.
Property Facts
| Price | $2,350,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 8.70 AC |
| Property Type | Land | ||
| Zoning | R-5/CZ - Residential District/Conditional Zoning applicable to 9.02 +/- acres located at 604 N. Main St and the abutting parcel located at the northeast corner | ||
| Price | $2,350,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 8.70 AC |
| Zoning | R-5/CZ - Residential District/Conditional Zoning applicable to 9.02 +/- acres located at 604 N. Main St and the abutting parcel located at the northeast corner |
1 Lot Available
Lot
| Price | $2,350,000 | Lot Size | 8.70 AC |
| Price Per AC | $270,114.94 |
| Price | $2,350,000 |
| Price Per AC | $270,114.94 |
| Lot Size | 8.70 AC |
Sale includes adjoining .30 acre parcel (0501-67-4645) and main 8.72 acre (9.02 ac total) both zoned high density residential and conditionally approved for 204 units (two 4-story buildings & three 3-story buildings). Utilities present on frontage.
Description
Located 1 mile from Fort Bragg — the largest military installation in the world by population — this 9.02-acre site is conditionally approved for 204 multifamily units and ready for immediate advancement by a qualified buyer. The site benefits from (1) completed rezoning, (2) a favorable municipal entitlement framework, and (3) proximity to Fort Bragg, supporting long-term rental demand and absorption.
Property Taxes
| Parcel Number | 0501-68-4230 | Improvements Assessment | $29,866 |
| Land Assessment | $671,804 | Total Assessment | $701,670 |
Property Taxes
Presented by
A. Edwards
604 N Main St
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