0 Owen Dr @ Terry CirFayetteville, NC 28304

For Sale
$4,050,000

Prime Redevelopment Opportunity, 2.05 Acres

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 2.05-acre property, comprised of seven parcels on Owen Drive and Terry Circle in Fayetteville, North Carolina, presents a compelling redevelopment opportunity. The site, zoned OI/SF10 within the Hospital Overlay District (HOSPD), is ideally suited for medical office space, given its adjacency to Cape Fear Valley Medical Center and proximity to the new Methodist University residency campus. Most of the existing buildings, constructed in the mid-1950s and subsequently renovated, offer a solid foundation for a new development. The property boasts excellent visibility and high traffic exposure, with over 53,000 vehicles passing daily. Located in a thriving area of Fayetteville, the site benefits from a substantial daytime population of 189,637 within a five-mile radius, ensuring a strong patient and staff base. Convenient access to major thoroughfares enhances connectivity. Surrounded by a mix of residential, commercial, and medical facilities, this location is poised for continued growth. The zoning permits a range of medical and professional uses, excluding retail. The asking price is $4,050,000. This is a unique chance to invest in a key area of Fayetteville's healthcare sector. The year built is 1950, and the property includes both office space and land.

Highlights

  • 2.05-acre redevelopment opportunity in Fayetteville, NC, comprised of seven parcels.
  • OI/SF10 zoning in Hospital Overlay District (HOSPD), ideal for medical office.
  • High visibility & traffic (53,000+ vehicles daily), adjacent to Cape Fear Valley Medical Center & Methodist University residency campus.
  • Strong daytime population (189,637 within 5-mile radius).
  • Asking price: $4,050,000.

Property Details for 0 Owen Dr @ Terry Cir

Property type
Other office properties, Medical offices
Year Built
1950
Lot Size (sq. ft)
89,298 SF

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.034489
Longitude
-78.9318599
Owen Dr @ Terry Cir, Fayetteville, North Carolina
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