Property summary
This exceptional 3,452-square-foot retail property, situated on a 0.71-acre lot at the signalized intersection of Raeford Road and Owen Drive in Cumberland County (APN: 0417-90-3924), presents a unique investment opportunity. Built in 1966 and renovated in 2018, the single-tenant building is currently vacant and offers significant potential for a variety of uses. Its previous use was automotive-related, making it ideal for an owner-user seeking a car lot or similar business. However, the property's versatility also lends itself to other retail ventures, including fast food or even a dual-tenancy configuration. The location boasts exceptional visibility and accessibility, benefiting from high daily traffic counts of approximately 56,000 vehicles. Its proximity to Fort Bragg Military Base, Cross Creek Mall, and downtown Fayetteville ensures a strong customer base. The property is also conveniently located near a recently opened Publix center. Prospective buyers should note that a portion of the corner lot is slated for condemnation by the Department of Transportation; details are available in accompanying photos and brochures. The asking price is $1,500,000. This property offers a compelling blend of location, size, and potential, despite the planned partial condemnation.
Property profile
VerifiedCap rate & NOI
Current use
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Car Dealership
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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