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1603 Melvinville Court, Fayetteville, NC 28312

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Listing Type
Commercial/Industrial
Listing Status
pending
12
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$1,050,000

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Home Details for 1603 Melvinville Court
Price
$1,050,000
Type
Commercial/Industrial
Year Build
1987
Lot Size
19.6
County
Cumberland
MLS®️ Listing#
100502288
On exitrealty.com
135 days
Property Description
Riverside Mobile Home Park adjacent to the Cape Fear River. 2.5 miles from I-95 Business, 19.6 acres. 29 pads total; 11 TOH (Tenant-Owned Homes) 18 POH (Park-Owned Homes) - 1 used for storage, could be converted to rental. ~11 acres vacant land leading to the river. TOH typically means low maintenance for the park owner (tenants handle their own homes). POH offers more control over rent but higher maintenance responsibilities - room to optimize or sell off POHs over time. Extra unit used for storage could be refurbished and rented = quick win. Approximately vacant 11 acres = potential for recreational use, storage income, or long-term value growth. Current zoning: SF6 (Single-Family Residential), check for future development possibilities. M101 MH zoning grandfathered for the existing 29 pads only. You can replace homes but cannot add more pads. Future buyers will want to confirm with zoning/planning on what the vacant land can be used for (e.g., green space, RV use, etc.). Close to downtown Fayetteville, Near groceries, major highways, and urban amenities Riverside frontage - adds to appeal and long-term land value. Owner pays sewer and water, electrical paid by tenants. Sewer & Water approximately $18000 year.
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Listing Courtesy: Holleran Real Estate & Consulting, LLC - 917-993-3538
The data relating to real estate on this website comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor EXIT Realty shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. Copyright ©2025 North Carolina Regional MLS LLC. All Rights Reserved.
Last Updated: 2025-05-20 11:06:54
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EXIT REALTY PREFERRED
8144 Fayetteville Rd., Raeford, NC 28376
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$1,050,000

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EXIT REALTY PREFERRED
8144 Fayetteville Rd., Raeford, NC 28376
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