442 Eastern BlvdFayetteville, NC 28301

Property Details for 442 Eastern Blvd

Year built

1999

Lot size

2.65 AC

Property size (Sq ft)

6,060 SF

Zone code

CC-COMMUNITY COMMERCIAL

Property type

Commercial real estate

APN

0437-90-6381

APU

437906381

Description

This exceptional 2.64-acre commercial land parcel in Fayetteville, North Carolina, presents a unique investment opportunity. Located at 442 S Eastern Blvd, in Cumberland County (zip code 28301), this property boasts a highly desirable location adjacent to Sun Belt Rentals, ensuring excellent visibility and accessibility. Previously utilized as a motel site, the land is zoned for commercial use, offering considerable flexibility for development. All utilities are conveniently located on-site, simplifying construction and operational costs. The asking price is $299,000, translating to $113,258 per acre. This property is ideally suited for a variety of commercial or flex space uses. The site's size and zoning allow for the potential division into two outparcels, catering to multiple tenants or a build-to-suit project tailored to a specific user's needs. Its strategic location and versatile zoning make this a compelling investment prospect for developers and businesses seeking a high-impact presence in a thriving Fayetteville market. The property's prominent position ensures high traffic visibility, making it an attractive location for retail, commercial, or flex space development.

• CAP approach

  CAP return

  Valuation

  6%

  $1,695,760

  6.5%

  $1,565,320

  7%

  $1,453,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,560,590

  Geo Method

  $1,391,010

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,302,160

  Retail / Commercial

  $1,650,180

  Mixed-Use / Specialty

  $1,610,300

  Hospitality / Lodging

  $1,137,160

  Office

  $1,565,320

  Institutional / Educational

  $1,661,910

  Residential Income

  $1,944,430

  Multifamily

  $2,520,550

  Automotive / Energy

  $1,424,490

  Parking / Income-Based Land

  $525,168

  Restaurant / Food Service

  $764,963

  Healthcare / Senior Housing

  $1,686,200

Location Insight

City

Fayetteville

County

Cumberland

State

North Carolina

Latitude

35.0422

Longitude

-78.8674

CBSA code

22180

CBSA name

FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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