Listed by Cape Fear Commercial
$1,600,500
Elliot Farms - Phase 2
Details
APN 0542299196
Property Type Land
Sub Type Residential
Zoning MUCZ (City of Fayetteville)
Elliot Farm Rd & Wiregrass Road, Fayetteville, NC 28311
Marketing description
Cape Fear Commercial is pleased to present Phase 2 of Elliot Farms - 97 entitled lots, which will be sold unimproved but partially entitled (see page 4). This is an established subdivision, with Phase 1 complete with over ~70 homes.
The average lot widths is 80' and will be serviced with municipal water and sewer.
The project has direct access to Elliot Farm Road (via Wiregrass Road) and is designed to have future access to Elliot Bridge Road via the planned phase 3 of this subdivision.
Investment highlights
- 97 Single-Family Lots (Partially Entitled)
- Average lot width: 80' wide
- Setbacks: Front and Corners-30', Side-5', Rear-35'
- Utilities: Municipal Water & Sewer (PWC)
- Condition: Sold as-is, partially entitled
- Price & Terms: $1,600,500 ($16,500 per lot in bulk)
- Masterplan approved along with a Development Agreement w/ the City that vested rights for the project
- Wetlands determination complete on entire property
- DOT Permits complete for Elliot Farm Road and Tall Timbers Drive
- Agreement in place w/ South River EMC to install residential underground service at no charge
- Sewer outfall lines installed between Phases 2 and 3, extended to northern boundary
- Water extended to the entrance to Phase 2 on Tall Timbers Drive
- HOA established and active
- Monument Sign located on Tall Timbers Drive
- Phase 2 will have access to the current mail kiosk that has been completed
- Play Area will be completed by Seller (est mid-2025)
Listing Contacts
Listed by Cape Fear Commercial
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
