Property summary
This exceptional commercial land parcel, located at 1617 Owen Drive in Fayetteville, North Carolina (zip code 28304), presents a unique investment opportunity. The 6000+ square foot site is zoned OI and boasts a highly desirable location directly across from Cape Fear Hospital. This prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. The property's previous primary occupancy was a medical office, suggesting its suitability for healthcare-related businesses. Ample parking is available, ensuring convenience for both staff and clients. The property is designated as single-tenant land, offering a straightforward development opportunity. With its strategic location, generous size, and existing infrastructure, this land parcel represents a compelling investment prospect for developers and businesses seeking a prominent presence in Fayetteville's thriving medical corridor. The Cumberland County location provides easy access to major transportation routes and a robust local economy. This is a blank canvas for a new commercial venture, offering significant potential for growth and return on investment. The property's zoning and previous use provide a solid foundation for future development plans. Serious inquiries are encouraged to explore this exceptional opportunity further.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
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Physician
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Hardware & Home Improvement Home Appliance Store
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Foster Care Service Social Service Agency
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OI · Fayetteville, NCResidential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
Residential 6 (SF-6) District 30-3.D.5. Mixed Residential 5 (MR-5) District 30-3.D.6. Manufactured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI in Fayetteville, NC.
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