2320 Bragg Blvd, Spring Lake, NC 28390
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.
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Evolve innovations Consulting Agency Advertising Agency Marketing & Advertising
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Evolve Innovations Advertising Agency Marketing & Advertising
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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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.