0 NC 87 - Multifamily, Sanford, NC for sale

Investment Overview

Exceptionally well positioned opportunity ideal for multifamily and townhome development in Sanford. 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.

Investment Highlights

• ±51.12 Acres
• PIN #s: 9660-58-2607-00, 9660-57-4827-00
• Zoning: NC 87 Mixed Use Conditional Zoning District
• Multifamily units: ±672 DU Total
• Townhome units: ±74 DU Total
• Traffic counts: 35,000 vpd