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604 N Main St
Spring Lake, NC 28390 Pine Forest

$2,650,000 USD

Land For Sale  •  8.7 AC

Property Details

  • Property Type Land
  • Lot Size 8.7 AC
  • Zoning R-5/CZ
0 Transit Score
53 Walk Score

Description

Rezoned multifamily development site approved for up to 204 residential units in the Spring Lake, NC, approximately one mile from Fort Liberty.  Conditional zoning in place establishes use and density, with remaining approvals limited to final site plan, stormwater, and driveway permits.  Entitlement framework allows a buyer to advance final design and approvals while preserving flexibility for layout and cost optimization.

This offering presents an opportunity to acquire an entitled multifamily development site in a high-demand submarket of Cumberland County. The site benefits from completed rezoning, a favorable municipal entitlement framework, and proximity to Fort Liberty, supporting long-term rental demand and absorption.

The project is positioned for immediate advancement by a qualified buyer, with entitlement risk substantially mitigated.

Highlights

Entitled for 204 units - Conditional rezoning approved with density maximized under current ordinance.
Prime Military-Driven Demand - Located approximately one mile from Fort Bragg, the largest military installation in the world by population.
Land appraisal included
No Playground Requirement - Municipal waiver eliminates a typical capital and maintenance expense
Suitable for market-rate, workforce, or affordable housing execution (LIHTC)
Bids due by, 19 Feb 2026

Public Transportation

AirportDriveWalkDistance
Fayetteville Regional/Grannis Field 26 min - 16.0 mi
alex edwards 910-427-5207 A. Edwards
alex edwards 910-427-5207 A. Edwards