Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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