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87 S NC Hwy 51.12 Acres of Commercial Land in Sanford, NC 27332
Investment Highlights
- Situated along a strong retail corridor, this site has the advantage of being in proximity of various national retailers and numerous restaurants.
Executive Summary
Strategically positioned across from several active projects, which include two residential subdivisions totaling 1,260 units. Diagonal to the site sits South Park Village, which is a multifamily subdivision that was built in 2016 and includes 408 units. Surrounding the development is Carolina Trace Country Club, with two 18-hole golf courses designed by famed golf course architect Robert Trent Jones, Sr. The property consists of nearly 50 acres of land and is conveniently located off NC Hwy 87. This location provides quick and easy access to Hwy 421 leading to Lillington, NC and Hwy 87 to Fayetteville and I-95. The US Hwy 421 bypass around Sanford provides a four-lane, divided highway route to US 1 towards Raleigh-Durham. Recent maps show future I-685 aligned with the subject site. Situated along a strong retail corridor, this site has the advantage of being in proximity of various national retailers and numerous restaurants.
Property Facts
1 Lot Available
Lot
| Lot Size | 51.12 AC |
| Lot Size | 51.12 AC |
Exceptionally, well-positioned opportunity, ideal for multifamily and townhome development in Sanford.
Description
Development Summary COMMERCIAL OUTPARCEL ±2.2 ACRES MULTIFAMILY UNITS ±672 DU Total Phase 1 ±368 DU Buildings: 11 Buildings Total Type 1 Bldg (32 DU) 1 Building Type 2 Bldg (32 DU) 8 Buildings Type 5 Bldg (40 DU) 2 Buildings Phase 2 ±304 DU Buildings: 9 Buildings Total Type 1 Bldg (32 DU) 1 Building Type 2 Bldg (32 DU) 6 Buildings Type 5 Bldg (40 DU) 2 Buildings PARKING ±1,036 SPACES PARKING RATIO ±1.54 SP/DU TOWNHOMES ±74 DU Total INTERIOR LOTS 22’ X 115’ END LOTS 26’ X 115’
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,010,800 | Total Assessment | $2,010,800 |
Property Taxes
Parcel Numbers
Land Assessment
$2,010,800
Improvements Assessment
$0
Total Assessment
$2,010,800
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