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    OFF-MARKET
    Land

    3607 Par Dr, Fayetteville, NC 28311

    2.04 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.04-acre commercial land parcel, located at 3607 Ramsey St & 132 Par Dr in Fayetteville, North Carolina (28311), presents a compelling investment opportunity. Boasting 180 feet of road frontage on busy Ramsey Street, this property offers direct access to a signalized intersection, ensuring high visibility and accessibility. The lot, zoned CC, has a depth of 580 feet and is served by public water and sewer (PWC). Currently, the front portion houses an automotive shop with a month-to-month tenant paying $2,000 in monthly rent. The remaining 1.5 acres at the rear of the property contains six vacant houses. The 2022 property taxes totaled $12,284.51. This prime location in Cumberland County offers significant redevelopment potential, making it ideal for a variety of commercial ventures. The land is priced at $990,000, or $14.52 per square foot. Don't miss this chance to acquire a highly visible and strategically located commercial property in a thriving area.

    Property profile
    Verified
    Property type Land
    Lot 2.04 ac (88,862 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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