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Property profile & analytics
OFF-MARKET
Commercial real estate

1718 Covington Dr Fayetteville, NC 28306

29 ac lot
Property ID
US53-1685509
Property summary
AI-generated overview

This exceptional 29-acre commercial land parcel presents a unique development opportunity in Fayetteville, North Carolina. Strategically located at a high-traffic intersection of Hope Mills and Camden Roads, the property boasts unparalleled visibility and accessibility. Its prime location is directly across from a Walmart Supercenter and behind a Walgreens, ensuring high foot traffic and strong commercial viability. Approximately 14 acres of this expansive site are situated above the 100-year floodplain, making it ideal for a variety of projects, including hotels, multi-family residential developments, churches, or schools. The property's R10 & CD zoning allows for flexibility in development plans. Existing structures on the site include a brick house, barns, and other dwellings, which could be repurposed or removed to suit future development needs. While water and sewer connections are conveniently located nearby, extension to the property will be required. This versatile land offers a blend of residential and commercial potential, making it an attractive investment for developers seeking a high-impact location in a thriving market. The property is zoned R10 & CD and is situated in Cumberland County, NC, with the address being 1718 Covington Dr, Fayetteville, NC 28306.

Property profile
Verified
Property type Commercial real estate
Lot 29 ac (1,263,240 SF)
UPID US53-1685509
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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