Fayetteville's Incentive Packages and Real Estate Inventory
Bronco Square
Parcel(s) – 0438-10-7418
Address: 1047 Murchison Rd., Fayetteville, NC (site includes 1073 and 1015 Murchison Rd.)
Acreage: 4.38 acres
Ownership: Bronco Development, LLC, PO Box 53668, Fayetteville, NC 28305 and Fayetteville State University
Tax Appraised Value: Total: $2,617,100 Land: $250,079 Building: $2,116,383 Mis: $200,638
Zoning: LC, — Proposed Rezoning on the Future Land Use Map is HC “Highway Commercial”
Existing Use for Site: TBD – Currently the site is being used as an amenity for FSU and includes the FSU Bookstore and various shops and eateries utilized by area students and the community in general.
Expected Area Improvements: Several expected improvements have been proposed for the area including the possibility of including a reduction of Murchison Road from four to two lanes to encourage a more pedestrian friendly environment, additional faculty housing, and more mixed-use developments to serve the students at FSU and the greater surrounding community.
Soil: WgB Soil type
Utilities, Water/Sewer, Telecommunications/Broadband: PWC Sewer, PWC Water serves site. Telecommunication capabilities are to be determined.
Flood Plain: The site is not in a Flood Zone Area
- Private Investment
Warehouse Investment
Parcel(s): – 0437-32-2756
Address: 500 Blount Street, Fayetteville, NC
Acreage: 1.4 acres
Ownership: 500 Blount LLC, 111 Oakridge Ave., Fayetteville, NC 28305
Tax Appraised Value: Total: $472,611.00 Land: $112,820.00 Building: $359,247.00
Mis: $544.00
Asking Price: Currently on the Market for $650,000 (https://www.loopnet.com/Listing/500-Blount-St-Fayetteville-NC/11385392/)
Zoning: CC (HI- Heavy Industrial in surrounding areas) — Proposed Rezoning on the Future Land Use Map is EC or “Employment Center”).
Commercial Square Footage – 47,995 Square Feet
Existing Use for Site: TBD – Currently the site is for sale and is a large empty industrial space (see pictures above).
Expected Area Improvements: the City is contemplating this area as a prime location to spur economic growth as a business district by including more commercial and multi-use buildings
Soil: Ur Soil type
Utilities, Water/Sewer, Telecommunications/Broadband: PWC Sewer, PWC Water on Site. Telecommunication capabilities are to be determined
Flood Plain: The site is not in a Flood Zone Area
- Private Investment
Gateway Entrance
Location: Cross Creek (Retail); Woodside Ave and West Rowan (Housing)
Acreage: 16.04 (total) – without island and trail
Ownership: Various Owners-Multiple Sites for Sale
Asking Price: TBD
Zoning: MR-5, CC
Commercial Square Footage – 47,995 Square Feet
Existing Plans for Site: TBD – City has sought to purchase several parcels in the past and would likely be willing to continue to do so. City has also sought to encourage and fund façade improvements to existing structures, but so far current owners have not been interested.
Expected Area Improvements: Connecting Trail Planned for entire area that would include Site B.
Environmental Studies: TBD
Utilities, Water/Sewer, Telecommunications/Broadband: PWC Sewer, PWC Water – Additional Utilities?
Site Specific Incentives: City is willing to provide property at no cost to investors so long as the development provides opportunities for surrounding area residents
- Private Investment
Faculty Housing
At the corner of Langdon St, Seabrook Rd and Eaton St. multiple properties for sale
- Private Investment
Open Air Markets (With Offices Above)
At the corner of Langdon St, Seabrook Rd and Eaton St. multiple properties for sale
