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Property profile & analytics
OFF-MARKET Estimated value $7,555,000
Hotels

1707 Owen Dr Fayetteville, NC 28304-3418

6,670 SF 7.11 ac lot Built 1975
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US53-1043122
Property summary
AI-generated overview

This exceptional Fayetteville, North Carolina commercial property, located at 1707 Owen Dr, offers a unique investment opportunity. The 235,495 square foot building, constructed in 1974 and extensively renovated in 2024, features a mix of retail and executive office space. Currently, there are three spaces available, ranging from 11,000 to 68,300 contiguous square feet, with a total of 116,600 square feet currently vacant. The property sits on a 7.03-acre lot in Cumberland County (zip code 28304) and enjoys a high-traffic location on Owen Drive, boasting an average annual daily traffic count of 44,000 vehicles. Its proximity to Cape Fear Valley Medical Center makes it an ideal location for various businesses, including personal services, gyms, restaurants, medical offices, or entertainment venues. The building's lower level also offers potential for personal storage. The available space is distributed across three floors: 18,900 square feet on the second floor, 18,400 square feet on the first floor, and 11,000 square feet on the lower level. Existing tenants include Uptown's Chicken and Waffles and Cape Fear Regional Theatre, demonstrating the property's established appeal. This is a remarkable opportunity to secure a substantial presence in a thriving Fayetteville location.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1975
Total area 6,670 SF
Lot 7.11 ac (309,712 SF)
Zoning code CC
APN 0426-15-5731
UPID US53-1043122
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Uptown's Chicken and Waffles Restaurant
  • Fayetteville Comic Con Business Service Center Conference Center
  • Cafe'bordeaux Cafe & Coffee Shop
  • GoodHomes Bordeaux Apartment Building
  • Holiday Inn Fayetteville-Bordeaux Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.47M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.56M
Owner & transaction history
Fayetteville Owen Drive Owner LLC · 3 yrs held
Fayetteville Owen Drive Owner LLC
since 2023
Last sale
$7.5M
4 recorded transactions
2023
$9.1M
2015
$7.5M
2007
$10.3M
1969
Price N/A
Zoning & alternative use
CC · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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