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    2535 Downing Rd Fayetteville, NC 28312

    Sponsored
    For Sale
    $575,000

    3.5-acre commercial land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 3.5-acre commercial land parcel is strategically located at the corner of NC Highway 24 and Downing Road in Fayetteville, North Carolina (28312), offering unparalleled visibility and accessibility. Priced at $575,000 ($164,286/acre), this property boasts 274 feet of frontage along Highway 24, a major thoroughfare with high traffic volume. The majority of the land is zoned CC, with a smaller rear portion zoned HI, providing flexibility for various commercial developments. A significant advantage is the existing turn lane off Highway 24, ensuring easy ingress and egress. This level lot is ideally situated just before the I-95 on-ramp, benefiting from the high daily traffic count of 40,500 vehicles (2020 NCDOT data). While a small portion in the back is within the 500-year flood zone, the majority of the land is suitable for development. A sewer line runs along Downing Road, and the property falls within Fayetteville's jurisdiction. Its prime location makes it perfect for a variety of uses, including convenience stores with gas, truck stops, or industrial distribution centers. This is a rare opportunity to acquire a high-traffic, well-located commercial lot in a rapidly growing area.

    Property Features for 2535 Downing Rd

    General Information

    Property type
    Land
    Lot Size
    152,460 SF

    HighLights

    • 3.5‑acre commercial land parcel in Fayetteville, NC, at NC Highway 24 & Downing Road.
    • $575,000 purchase price ($164,286/acre).
    • 274 feet of Highway 24 frontage, high traffic volume.
    • Primarily CC zoning, with a smaller HI‑zoned rear portion.
    • Existing turn lane off Highway 24 for easy access.
    • Level lot near I‑95 on‑ramp (40,500+ daily vehicles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Wholesale Shop Auto Repair Shop Clothing Store Storage Facility HVAC Service Electrical Service Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.8248175
    Latitude
    35.0462482

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    FAQs

    What type of property is this?
    Land - 3.5-acre commercial land, prime location.
    Where is this land located?
    The property is located at 2535 Downing Rd Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: 3.5-acre commercial land parcel in Fayetteville, NC, at NC Highway 24 & Downing Road.; $575,000 purchase price ($164,286/acre).; 274 feet of Highway 24 frontage, high traffic volume.
    (910) 818-3252
    Request Owner's contact information
    2535 Downing Rd Fayetteville, NC 28312
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    Fayetteville, NC 28312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2535 Downing Rd Fayetteville, NC 28312
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