Property profile

994 Mcpherson Church Rd Fayetteville, NC 28303

OFF-MARKET
Commercial land
Property ID
US53-3838639
1,020 SF 3.1 ac lot Built 1955
Entity Owned 19-yr Hold Free & Clear
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Property summary

AI-generated overview

Exceptional 3.1-acre commercial land parcel in Fayetteville, North Carolina, is available for $2,000,000. Located at 994 S McPherson Church Rd, this property boasts a prime location near the intersection of S. McPherson Church Rd and Raeford Rd, offering excellent visibility and accessibility. Zoned LC (Limited Commercial), this site presents a significant development opportunity. The property features over 450 feet of road frontage, and significant site preparation has already been completed, including clearing, grading, building pad construction, and partial completion of stormwater ponds. Detailed site plans are available upon request. This strategic location benefits from high traffic counts, with 16,500 average annual daily traffic (AADT) on McPherson Church Road and 33,000 AADT on Raeford Road. Proximity to the All American Freeway, a hospital, retail centers, and restaurants further enhances its appeal. This is a rare opportunity to acquire a well-prepared commercial site in a thriving area of Fayetteville, ready for immediate development. The property is situated in Cumberland County, NC, zip code 28303. The price per acre is $645,161.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1955
Total area 1,020 SF
Lot 3.1 ac (135,036 SF)
Zoning code LC
APN 0417-81-9543
UPID US53-3838639

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

994 Mcpherson Church Rd Fayetteville, NC 28303-5351
Fayetteville metro Census 701 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2006
1 recorded transaction
2006
$1.1M

Zoning & alternative use

LC · Fayetteville, NC
Zoning description

actured Home (MH) District 30-3.E. Business Base Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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