Commercial Land for Sale in Fayetteville, North Carolina
Cumberland Rd Fayetteville, NC 28306
Images
Map
Street
$114,900
6.74 acres
pending saleUnder contract
Located near the bustling intersection of Cumberland Road and George Owen Road in Hope Mills, this 6.74-acre property features a two-sided billboard--one fixed and one digital--providing steady income with last year's revenue totaling $16,425.68. With annual taxes of just $938.02, the property delivers a strong NOI of $15,487.66, offering investors an attractive 13.5% cap rate. Beyond the billboard income, the property offers a fantastic value-add opportunity to subdivide the lot, potentially unlocking further possible development or recreational use. Ideal for investors seeking both immediate returns and long-term growth potential.
Location
- Street Address
- Cumberland Rd
- County
- Cumberland County
- Elevation
- 121 feet
Property details
- Zoning
- C(P) - Planned Commercial District
- MLS Number
- FAR 733811
- Date Posted
Parcels
- 0405-66-8151.000
Legal description
DIXIE YARNS INC SE01 PL0099-0014
Detailed attributes
Listing
- Type
- Commercial Sale
- Franchise
- RE/MAX International
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Oct 24, 2024 | Under contract | $114,900 | — | FAR |
Oct 23, 2024 | New listing | $114,900 | — | FAR |
Payment calculator
Gene Ray
RE/MAX Choice
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