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    519 Owen Dr Fayetteville, NC 28304

    Sponsored
    For Sale
    $4,050,000

    Prime 2-acre medical development site.

    Property size:
    1,444 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.05-acre property, located at 519 Owen Dr, Fayetteville, NC 28304, presents a unique redevelopment opportunity for medical office space. The site, comprised of seven parcels on Owen Drive and Terry Circle, offers high visibility and accessibility with over 53,000 vehicles passing daily. Currently featuring a 1,444 square foot building constructed in 1955 and later renovated, the property is zoned OI and SF10 within the Hospital Overlay District, permitting a variety of medical and professional uses (excluding retail). Its strategic location adjacent to Cape Fear Valley Medical Center and near the new Methodist University residency campus makes it ideally suited for medical professionals. The substantial daytime population of 189,637 within a five-mile radius further underscores the site's strong potential. This assemblage offers a compelling investment opportunity for developers seeking to capitalize on the growing healthcare sector in a high-traffic area of Fayetteville. The asking price is $4,050,000. This Cumberland County location provides excellent access and visibility for any medical office development.

    Property Features for 519 Owen Dr

    General Information

    Property type
    Medical offices
    Square Feet
    1,444 SF
    Lot Size
    89,298 SF

    Building Details

    Year Built
    1955

    HighLights

    • 2.05‑acre land assemblage at the corner of Owen Dr. and Terry Cir.
    • Excellent redevelopment opportunity for medical office use.
    • OI and SF10 zoning, located within a Hospital Overlay District.
    • Directly adjacent to Cape Fear Valley Medical Center.
    • High traffic count exceeding 53,000 vehicles daily.
    • Strong daytime population of 189,637 within a five‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Body Kneads Therapeutic ... Massage Therapist Out Of The Shadows Ink Permanent Make-Up Clinic Karisma Salon and Spa Beauty Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayetteville
    County
    Cumberland
    State
    North Carolina
    Longitude
    -78.9318125
    Latitude
    35.0350382

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    FAQs

    What type of property is this?
    Medical office - Prime 2-acre medical development site.
    Where is this medical office located?
    The property is located at 519 Owen Dr Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $4,050,000.
    What are key features of this property?
    This property features: 2.05-acre land assemblage at the corner of Owen Dr. and Terry Cir.; Excellent redevelopment opportunity for medical office use.; OI and SF10 zoning, located within a Hospital Overlay District.
    Request Owner's contact information
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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
    519 Owen Dr Fayetteville, NC 28304
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