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    2205 Bingham Dr Fayetteville, NC 28304

    Sponsored
    For Sale
    $495,000

    1.3-Acre Commercial Lot, $495,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.3-acre commercial land parcel presents a unique investment opportunity in Fayetteville, North Carolina. Located at 2205-15 Bingham Drive, this property boasts 175 feet of frontage on a major commercial corridor, offering significant visibility and accessibility. The mostly level lot is situated at the corner of George Owen Road and Silverbell Loop, providing convenient access to key transportation routes. Its strategic location directly adjoins an Exxon/Short Stop, further enhancing its commercial appeal. The property benefits from its proximity to Hope Mills, the Jack Britt school district, Fayetteville, Raeford, I-95, and Fort Bragg military base, ensuring a strong and diverse customer base. George Owen Road (NC Hwy 162) serves as a bypass for NC 59, connecting to US 401 (Raeford Road), I-95 Business, and US 301. The high traffic volume of approximately 28,500 AADT in front of the property underscores its exceptional commercial potential. The land is zoned PND (Planned Neighborhood Development), offering flexibility for a variety of commercial uses. The asking price is $495,000, translating to $457,692.31 per acre. This represents a compelling opportunity to acquire a strategically located commercial property in a rapidly growing area. The property's size, location, and zoning make it ideal for a wide range of commercial developments.

    Property Features for 2205 Bingham Dr

    General Information

    Property type
    Land
    Lot Size
    56,628 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness 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
    -78.9793261
    Latitude
    35.0041346

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    FAQs

    What type of property is this?
    Land - 1.3-Acre Commercial Lot, $495,000
    Where is this land located?
    The property is located at 2205 Bingham Dr Fayetteville, NC.
    What is the asking price?
    The asking price for this property is $495,000.
    (910) 818-3252
    Request Owner's contact information
    2205 Bingham Dr Fayetteville, NC 28304
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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
    2205 Bingham Dr Fayetteville, NC 28304
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