1609 Owen Dr Fayetteville, NC 28304

Property Details for 1609 Owen Dr

Year built

1963

Lot size

0.69 lot acres

Property size

1,617 SF

Zone code

OI

Property type

Office buildings

APN

0426-07-7235

APU

426077235

Description

This exceptional investment opportunity presents three fully leased Class B office buildings totaling 10,924 square feet, situated on a 0.75-acre lot in Fayetteville, North Carolina. Located directly across from Cape Fear Valley Medical Center and the future site of a new medical school (projected opening 2026), this property enjoys a high-demand location within a thriving medical corridor. The buildings currently house a diverse tenancy including medical offices, traditional office space, and a hair salon, ensuring consistent income generation. The property is zoned OI (Office and Institutional), allowing for flexibility and future development potential. The asking price is $1,700,000, translating to $155.62 per square foot. This represents a strong value proposition considering the prime location, existing lease income, and the significant ongoing development in the area, including the $110 million hospital expansion. The property's convenient access to I-95, NC-295, and All American Highway, coupled with its proximity to retail amenities, restaurants, and Cross Creek Mall, further enhances its appeal. The parcel numbers are 0426-07-7235 & 0426-07-6109. This is a rare opportunity to acquire a stable, income-producing asset in a rapidly growing medical hub. Don't miss out on this chance to capitalize on the escalating land values and robust demand in this strategic location.