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Freestanding Office Building with Waiting Area
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516 OWEN DR, Fayetteville, NC 28304

Freestanding office with waiting room, reception, four private offices, restrooms, and strong visibility along Owen Drive.

Space Size1,531 SF
Days on Market60

Property Features for 516 OWEN DR

General Information

Standard status Active
Size 1,531 SF
Property subtype Office
Zoning OI

Additional Details

Traffic Count 48,500 vehicles/day

Building Details

Building Size 1,531 SF
Year Built 1956
Tenancy Single

Spaces For Lease

at 516 OWEN DR Contact us

Space 1

Size
1,531 SF
Type
Office
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Grant-Murray Real Estate
Listed By: Patrick Murray, CCIM, SIOR · License #NC 231098
Source: Crexi
Added: Jun 24 Changed: Aug 8 Last Checked: Aug 21 at 8:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grant-Murray Real Estate

Investment Insights

Based on property information with market context.

516 Owen Drive offers a freestanding 1,531-square-foot office building with a practical, client-friendly layout. The interior includes a spacious waiting room and reception area, four private offices, dedicated storage space, and restrooms. The building is designed to support both healthcare-related and traditional office use.

The property is located in one of Fayetteville’s established professional and medical corridors, with easy access to Owen Drive, Village Drive, Raeford Road, and other major Fayetteville thoroughfares. It sits minutes from Cape Fear Valley Medical Center and is surrounded by healthcare providers, professional offices, and supporting commercial services. The building also benefits from excellent visibility along Owen Drive with approximately 48,500 vehicles per day passing by.

Zoned OI (Office & Institutional) within the HSPOD overlay, the site accommodates a range of office and service-oriented uses beyond traditional medical practices. This configuration can work well for medical, counseling, insurance, legal, financial, and other professional office users who value a standalone presence and direct daytime exposure for clients, patients, and staff.

Key Highlights

  • Freestanding 1,531‑SF office building built in 1956 with a waiting room, reception area, restrooms, and dedicated storage
  • Includes 4 private offices, providing a functional layout for medical, healthcare‑related, or professional office use
  • Zoned OI (Office & Institutional) within the HSPOD overlay, allowing office and service‑oriented uses beyond traditional medical

Property Analytics

Current Use

Hatfield-Berrang Hearing Aid Physician Audibel Hearing Center Hearing Aid Store

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Parts Store Parking Lot & Garage Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

48,500 VPD
Traffic count
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,823
Businesses Nearby

Demographics for 28304, NC

37,120
Population
16,424
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
92%
High-School Grad
17.4 sq mi
ZIP Area
2,133
Density / Sq Mi
$57,867
Median Household Income
$35,907
Median Earnings
$1,218
Median Rent
$154,300
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding office with waiting room, reception, four private offices, restrooms, and strong visibility along Owen Drive.
Where is this office building located?
The property is located at 516 OWEN DR Fayetteville, NC.
What are key features of this property?
This property features: Freestanding 1,531‑SF office building built in 1956 with a waiting room, reception area, restrooms, and dedicated storage; Includes 4 private offices, providing a functional layout for medical, healthcare‑related, or professional office use; Zoned OI (Office & Institutional) within the HSPOD overlay, allowing office and service‑oriented uses beyond traditional medical
More about this property
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