Property profile

3305 Raeford Rd Fayetteville, NC 28303

OFF-MARKET
Retail properties & Spaces
3,452 SF Built 1966
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Retail properties & Spaces
Year built 1966
Total area 3,452 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

3305 Raeford Rd Fayetteville, NC 28303
Fayetteville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3305 Raeford Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message