0 Owen Dr @ Terry CirFayetteville, NC 28304

Property Details for 0 Owen Dr @ Terry Cir

Year built

1950

Lot size

2.05 AC

Property type

Other commercial real estate

Property subtype

Other office properties

Description

This exceptional 2.05-acre property, comprised of seven parcels on Owen Drive and Terry Circle in Fayetteville, North Carolina, presents a compelling redevelopment opportunity. The site, zoned OI/SF10 within the Hospital Overlay District (HOSPD), is ideally suited for medical office space, given its adjacency to Cape Fear Valley Medical Center and proximity to the new Methodist University residency campus. Most of the existing buildings, constructed in the mid-1950s and subsequently renovated, offer a solid foundation for a new development. The property boasts excellent visibility and high traffic exposure, with over 53,000 vehicles passing daily. Located in a thriving area of Fayetteville, the site benefits from a substantial daytime population of 189,637 within a five-mile radius, ensuring a strong patient and staff base. Convenient access to major thoroughfares enhances connectivity. Surrounded by a mix of residential, commercial, and medical facilities, this location is poised for continued growth. The zoning permits a range of medical and professional uses, excluding retail. The asking price is $4,050,000. This is a unique chance to invest in a key area of Fayetteville's healthcare sector. The year built is 1950, and the property includes both office space and land.

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0345

Longitude

-78.9319

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