2801 Owen DrFayetteville, NC 28306

Property Details for 2801 Owen Dr

Year built

1973

Lot size

0.16 AC

Property size (Sq ft)

1,885 SF

Zone code

CC

Property type

Office properties

Property subtype

Office buildings

APN

0426-81-9704

APU

426819704

Description

This exceptional 0.5-acre commercial lot is ideally situated at the intersection of Owen Drive and Southern Avenue in Fayetteville, North Carolina, offering unparalleled visibility for businesses seeking high traffic exposure. Zoned CC, this property presents a unique opportunity for a variety of commercial uses, including but not limited to vehicle sales, auto service centers, or even a drive-thru coffee shop. The lot's strategic location ensures easy access and high visibility to potential customers. A significant advantage is the landlord's willingness to allow a cross-easement with the adjacent KFC restaurant, providing convenient access and ample parking for patrons. Utilities are readily available, simplifying the setup process for prospective tenants. The property is offered with a preferred lease term of two to four years, and the monthly gross rent is $1,800. This is a rare opportunity to secure a highly visible and conveniently located commercial lot in a thriving Fayetteville market. The property's address is 2801 Owen Dr, Fayetteville, NC 28306. Power is provided by PWC.

• CAP approach

  CAP return

  Valuation

  6%

  $465,448

  6.5%

  $429,644

  7%

  $398,955

• Comparable approach

  Method

  Valuation

  Relative Method

  $485,385

  Geo Method

  $432,683

• Alternative Use

  Use

  Valuation

  Residential

  $532,758

  Hospitality

  $488,004

  Educational

  $406,014

  Medical

  $419,977

  Retail

  $631,577

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0187

Longitude

-78.9034

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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