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    OFF-MARKET
    Commercial real estate

    2320 Bragg Blvd, Spring Lake, NC 28390

    15.42 ac lot
    Property ID
    US53-2102386
    Property summary
    AI-generated overview

    This exceptional 15.42-acre commercial land parcel presents a compelling investment opportunity in Spring Lake, North Carolina. Located on the northbound side of Highway 24/87, this property boasts 775 feet of prime highway frontage, ensuring high visibility and accessibility. Currently zoned Rural Residential (RR), this site offers significant potential for various commercial developments, subject to necessary rezoning. The property's strategic location near Fort Bragg, one of the nation's largest military installations, provides access to a substantial population base. Daily traffic counts on Highway 24/87 exceed 34,500 vehicles, indicating strong potential for commercial success. Utilities, including water and sewer, are conveniently located at the property line, simplifying development plans. The asking price is $1,250,000, translating to a land value of $1.86 per square foot. Detailed demographic data reveals a population of 41,186 within a five-mile radius, a daytime population of 60,687, an average household income of $71,320, and a median age of 26, underscoring the area's vibrant and growing market. Two existing single-family homes are currently situated on the property and are occupied. This property's combination of size, location, and accessibility makes it an ideal candidate for a wide range of commercial ventures. Further information, including a detailed story map, is available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 15.42 ac (671,695 SF)
    UPID US53-2102386
    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
    • Evolve innovations Consulting Agency Advertising Agency Marketing & Advertising
    • Evolve Innovations Advertising Agency Marketing & Advertising
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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