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    1864 Bingham Dr Fayetteville, NC 28304

    For Sale
    Contact for pricing

    Prime Commercial Land, High Visibility, R-10 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 13.63-acre commercial land parcel presents a remarkable investment opportunity in Fayetteville, North Carolina. Located at 1864 Bingham Dr, this property boasts an enviable position at the corner of Lakeridge Drive, benefiting from a newly installed stoplight system ensuring high visibility and accessibility. The lot offers extensive road frontage exceeding 800 feet and a depth of over 700 feet, providing ample space for development. The property is zoned R-10, and utilities including water, sewer, and natural gas are conveniently located at the property line. The seller is willing to subdivide the land to accommodate various development plans. This site is ideally suited for a range of commercial uses, including grocery stores, fast-food restaurants, and convenience stores. The area demonstrates strong demographics, with a population of over 10,000 within one mile, 65,700 within three miles, and 154,375 within five miles. The average household income within a three-mile radius is $60,000, indicating a robust consumer base. This prime location, combined with its size and accessibility, makes this property an exceptional opportunity for commercial development in a thriving market. The address is 1864 Bingham Dr, Fayetteville, NC 28304, in Cumberland County.

    Property Features for 1864 Bingham Dr

    General Information

    Property type
    Land
    Lot Size
    593,723 SF

    HighLights

    • Ideal location for grocery, fast food, and convenience stores.
    • High‑visibility corner lot with a newly installed traffic signal at the intersection of Lakeridge and Bingham Drives.
    • Excellent visibility and accessibility.
    • Densely populated area with strong demographics.
    • Average household income within 3 miles is $60,000.
    • Population: 10,040 within 1 mile, 65,700 within 3 miles, and 154,375 within 5 miles.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9842882
    Latitude
    35.0124367

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High Visibility, R-10 Zoning
    Where is this land located?
    The property is located at 1864 Bingham Dr Fayetteville, NC.
    What are key features of this property?
    This property features: Ideal location for grocery, fast food, and convenience stores.; High-visibility corner lot with a newly installed traffic signal at the intersection of Lakeridge and Bingham Drives.; Excellent visibility and accessibility.
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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
    1864 Bingham Dr Fayetteville, NC 28304
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