770 Ocarina Cir Fayetteville, NC 28311
- Commercial real estate
- 7.10 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 770 Ocarina Cir
- Lot size
- 7.10 lot acres
- Property type
- Commercial real estate
Description
This exceptional 7.1-acre commercial land parcel, located at 770 Ocarina Cir, Fayetteville, NC 28311, presents a remarkable investment opportunity. Zoned SF-10, this property is ideally suited for a multifamily development project or luxury apartment complex. The land is priced at $70,000 per acre, offering a compelling value proposition for developers. Situated just off McArthur Road, the site enjoys exceptional proximity to key transportation arteries, including the Ramsey Street corridor and I-295, providing easy access to Fort Bragg, a wide array of shopping and dining options, and excellent schools. The property's strategic location ensures high visibility and convenient access for future residents. Existing utilities are already on-site, streamlining the development process and reducing upfront costs. This is a rare opportunity to acquire a large, well-located parcel in a thriving market, perfect for those seeking to capitalize on the strong demand for multifamily housing in the Fayetteville area. The price per square foot is $1.61. This Cumberland County location offers significant potential for substantial returns on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fayetteville
- County
- Cumberland
- State
- North Carolina
- Longitude
- -78.8920665
- Latitude
- 35.1247519
