Property profile

2320 Bragg Blvd Spring Lake, NC 28390

OFF-MARKET
Land
Property ID
US53-2102386
15.42 ac lot
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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 Land
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

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising
  • Advertising Agency Marketing & Advertising

Location

2320 Bragg Blvd Spring Lake, NC 28390
Spring Lake metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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