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    OFF-MARKET
    Retail properties & Spaces

    3305 Raeford Rd, Fayetteville, NC 28303

    3,452 SF Built 1966
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • American Car Center Car Dealership
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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