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2881 Gillespie St

50 Acres of Commercial Land Offered at $1,999,000 in Fayetteville, NC 28306

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.

Property Facts

Price $1,999,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Multifamily
Total Lot Size 50.00 AC

1 Lot Available

Lot

Price $1,999,000
Price Per AC $39,980
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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0435-15-6869
Land Assessment
$559,004
Improvements Assessment
$279,178
Total Assessment
$838,182

zoning

Zoning Code R10
R10
  • Listing ID: 28108694

  • Date on Market: 3/31/2023

  • Last Updated:

  • Address: 2881 Gillespie St, Fayetteville, NC 28306

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