Property profile

3607 Par Dr Fayetteville, NC 28311

OFF-MARKET
Land
2.04 ac lot
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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

Location

3607 Par Dr Fayetteville, NC 28311
Fayetteville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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