0 Wallace Mclean Rd Raeford, NC 28376
This exceptional 47.08-acre parcel of agricultural land in Raeford, North Carolina, presents a remarkable investment opportunity. Located in Hoke County, at a bustling intersection, this property boasts unparalleled visibility and accessibility, ensuring high traffic volume. The expansive lot size offers immense potential for diverse development projects. Zoned CD, the land is ideally suited for a variety of uses, including retail and residential developments. Imagine a vibrant retail center, complete with shops, restaurants, and entertainment venues, serving the local community and beyond. Alternatively, envision a thoughtfully planned residential community, providing a serene and attractive setting for families. The property's strategic location and substantial size make it an exceptional investment, promising significant returns. The asking price is $3,500,000. The property is owned and located at Wallace Mclean Road, Raeford, NC 28376. This is a rare opportunity to acquire a large tract of land with significant development potential in a rapidly growing area. Don't miss this chance to secure a piece of Hoke County's future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.