1718 Covington Dr Fayetteville, NC 28306
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.