16.3 Acres Commercial/Residential Development
This 16.3 acres is located in the Cabot city limits and is currrently zoned R-5 for Multi Family Residential. There are some very nice apartment homes just to the south of this particular property. There are businesses located just to the east including a small strip mall, a Sonic and a Rehabilitation Center. The property is also located just across Highway 5 from the Greystone Country Club and neighborhood. The property is flat and currently all timberland. It is not in a flood zone and could be easily cleared for development. Since it is zoned R-5, the property would have to be re-zoned for any commercial development. Would be ideal for a nice apartment complex, small business or a mini storage facility. Seller will subdivide the property!
16.3+/- acres (all timberland acres)
Legal Description: Download Legal Description
No Flood Zone
Two Access Points
Could be easily divisible
Seller will Subdivide the Property!
Property Zoned R-5 Multi Family Residential
Taxes: $9,259/year (2016)