2535 Downing Rd Fayetteville, NC 28312
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CC · Fayetteville, NCFayetteville. Always verify with local authorities before improvements.
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.