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.
At the intersection of Highway 5 and Spring Valley Road go west for.15 miles and the property is on the right. It can also be accessed on Greystone Blvd behind the Greystone Shoppes and Sonic. The property is located in the Cabot city limits.