Property profile

1617 Owen Dr Fayetteville, NC 28304

OFF-MARKET
Medical Office Space
Property ID
US53-1632720
3,600 SF 0.26 ac lot Built 1960
Entity Owned Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Medical Office Space
Use group MEDICAL CLINIC
Year built 1960
Total area 3,600 SF
Lot 0.26 ac (11,326 SF)
Zoning code OI
APN 0426-07-7199
UPID US53-1632720

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Hardware & Home Improvement Home Appliance Store
  • Foster Care Service Social Service Agency

Location

1617 Owen Dr Fayetteville, NC 28304-3425
Fayetteville metro Census 600 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Zoning & alternative use

OI · Fayetteville, NC
Zoning description

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 (…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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