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Property profile & analytics
FOR SALE
Commercial land

2535 Downing Rd Fayetteville, NC 28312

1.5 ac lot
Individually Owned 21-yr Hold Absentee Owner Free & Clear
Property ID
US53-3585097
Property summary
AI-generated overview

This exceptional 3.5-acre commercial land parcel is strategically located at the corner of NC Highway 24 and Downing Road in Fayetteville, North Carolina (28312), offering unparalleled visibility and accessibility. Priced at $575,000 ($164,286/acre), this property boasts 274 feet of frontage along Highway 24, a major thoroughfare with high traffic volume. The majority of the land is zoned CC, with a smaller rear portion zoned HI, providing flexibility for various commercial developments. A significant advantage is the existing turn lane off Highway 24, ensuring easy ingress and egress. This level lot is ideally situated just before the I-95 on-ramp, benefiting from the high daily traffic count of 40,500 vehicles (2020 NCDOT data). While a small portion in the back is within the 500-year flood zone, the majority of the land is suitable for development. A sewer line runs along Downing Road, and the property falls within Fayetteville's jurisdiction. Its prime location makes it perfect for a variety of uses, including convenience stores with gas, truck stops, or industrial distribution centers. This is a rare opportunity to acquire a high-traffic, well-located commercial lot in a rapidly growing area.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.5 ac (65,340 SF)
Zoning code CC
APN 0457-21-4841
UPID US53-3585097
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Howard H King JR. · 21 yrs held
Howard H King JR.
since 2004
1 recorded transaction
2004
Price N/A
Zoning & alternative use
CC · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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